Question: PLEASE ANSWER IT IN EXCEL FORMAT Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do

PLEASE ANSWER IT IN EXCEL FORMAT Calculate the nominal annual cost ofPLEASE ANSWER IT IN EXCEL FORMAT

Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places. a. 1/15, net 25. % b. 2/10, net 50. % c. 3/10, net 55. % d. 2/10, net 55. % e. 2/15, net 40. %

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