Can someone please assist me with the following problems?
Approximate Interest Rate = Discount % / (1-Discount %) x (365/Net period)
1. Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 1/10 net 20 b. 1/10 net 30 c. 1/10 net 40 d. 1/10 net 50 e. 1/10 net 60
2. Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 2/15 net 20 b. 2/15 net 30 c. 2/15 net 40 d. 2/15 net 50 e. 2/15 net 60
3. Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 1/15 net 30 b. 1/10 net 30 c. 1/15 net 30 d. 1/20 net 30
4. Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 2/5 net 30 b. 2/10 net 30 c. 2/15 net 30 d. 2/20 net 30
5. Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 1/10 net 30 b. 2/10 net 30 c. 3/10 net 30 d. 4/10 net 30
6. Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 1/15 net 30 b. 2/15 net 30 c. 2/15 net 30 d. 4/15 net 30.