1: Instruction to Chegg Solver : Must be solved with Documents( Word pad, Notepad...) or convertible to Ms. word or excel, other wise hand written will not be preferred.

Determine the annual percentage interest cost for each of the following terms of sale, assuming that the firm does not take the cash discount but pays on the final day of the net period (assume a 365-day year) (Use both the methods for calculations)

a. 2/10, net 30 ($1500 invoice)

b. 1/5, net 60 ($2,000 invoice)

c. 3/15, net 90 ($500 invoice)

d. 5/10, net 120 ($2500 invoice)

e. 1/20, net 180 ($1000 invoice)