Question: QUESTION 2 Find the nominal rate compounded monthly which is equivalent to i. 16% effective, (4 marks) ii. 18% compounded semi-annually. (4 marks) On the

QUESTION 2 Find the nominal rate compounded monthly which is equivalent

QUESTION 2 Find the nominal rate compounded monthly which is equivalent to i. 16% effective, (4 marks) ii. 18% compounded semi-annually. (4 marks) On the 28 October 2020, a retailer received an invoice worth RM12,000 (including transportation cost of RM300). She was given trade discount 10% and 8% and the cash discount terms of 5/10, 3/20, net/30. i. Explain the cash discount terms of 5/10, 3/20, net/30. (3 marks) Calculate the single discount equivalent to the trade discounts given. (3 marks) iii. Find the last date to get 5% cash discount. (1 mark) iv. Find the total payment if the retailer paid on 16 November 2020

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