I need help understanding the question for these 5 questions.

Compute the cost of not taking the following cash discounts. (Use a 360-day year. Do not round intermediate calculations. Input your final answers as a percent rounded to 2 decimal places.) Cost of Lost Discount : 2/17, net 55 % F 2/15, net 55 % 7 3/14, net 30 % T 4/13, net 190 % A pawnshop will lend $2,750 for 45 days at a cost of $35 interest. What is the effective rate of interest? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest I '94; ' Mary on is going to borrow $7,300 for 90 days and pay $221 interest. What is the effective rate of interest if the loan is discounted? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective rate on a discounted loan I I % l Dr. Ruth is going to borrow $5,800 to help write a book. The loan is for one year and the money can be borrowed at either the prime rate or the LIBOR rate. Assume the prime rate is 9 percent and LIBOR 1.0 percent less. Also assume there will be a $55 transaction fee with LIBOR (this amount must be added to the interest cost with LIBOR). a. What is the effective interest rate on the LIBOR loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective interest rate :| % ' b. Which loan has the lower effective interest cost? 0 LIBOF? 0 Prime Talmud Book Company borrows $25,700 for 30 days at 9 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Cost of loan