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If you could help me w all, it would be GREATLY appreciated! Thank you :) (Annual percentage yield) Compute the cost of the following trade
If you could help me w all, it would be GREATLY appreciated! Thank you :)
(Annual percentage yield) Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note: Assume a 30-day month and 360-day year. a. 3/5, net 30 b. 2/15, net 45 c. 2/15, net 60 d. 3/10, net 30 C. a. When payment is made on the net due date, the APR of the credit terms of 3/5, net 30 is %. (Round to two decimal places.)Step by Step Solution
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