eBook Calculate the APR and REAR of non-free trade credit associated with credit terms of 2/20,...

Transcribed Image Text:

eBook Calculate the APR and REAR of non-free trade credit associated with credit terms of 2/20, net 65, and 1.5/30, net 90, assuming that customers who do not take the discount a. pay on the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places. Credit terms of 2/20, net 65 1.5/30, net 90 APR 13.80 % TEAR 13.80 % 16.53 % 16.53 % b. delay payment until 15 days after the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places. Credit terms of 2/20, net 65 1.5/30, net 90 APR % % YEAR % % Check My Work (2 remaining) eBook Calculate the APR and REAR of non-free trade credit associated with credit terms of 2/20, net 65, and 1.5/30, net 90, assuming that customers who do not take the discount a. pay on the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places. Credit terms of 2/20, net 65 1.5/30, net 90 APR 13.80 % TEAR 13.80 % 16.53 % 16.53 % b. delay payment until 15 days after the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places. Credit terms of 2/20, net 65 1.5/30, net 90 APR % % YEAR % % Check My Work (2 remaining)