(2 1 uAt 74F Sunny of 1 Tex MB Ana Exe NFL In it Q You RT File | C:/Users/Eclipse%20Staffing/Downloads/Exercises-3.pdf + Bari CD Page view EC. o Ma Ti Wo A Read aloud a Am a Am a Fre 0 MBA530: Financial Management Practice Exercises (Due Sep 26) TAdd textDraw September 19, 2022 Pos Q am a You Wo 1. Complete the following for the term of trade 1/30 Net 90.(1/30 Net 90 means 1% dis- count if paid in 30 days, otherwise the full amount is due in 90 days.) (a) Complete the diagram below illustrating the terms of trade. Where X represents the full amount due. Highlight X DELL (b) Using the fundamental formula FV = PV(1+i)t, 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. hov Erase Ho Mic + {" @ 60 0 5:26 PM 9/24/2022 X :