Question: explain step by step how to do it please 2. Complete the following for the term of trade 1/30 Net 90. (a) Complete the diagram

explain step by step how to do it please 2. Complete

explain step by step how to do it please

2. Complete the following for the term of trade 1/30 Net 90. (a) Complete the diagram below illustrating the terms of trade. Where X represents the full amount due. 0 (b) Using the fundamental formula FV = PV(1+i)", write down an equation to find the effective annual interest rate. (c) Solve the equation (you may use a financial calculator, excel, or a solver) and write down the effective interest rate

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