Asked by Tyteana Ratliff on Jun 10, 2024
Verified
Provide a definition of discount.
Discount
A reduction applied to the normal cost of goods or services, or in finance, the process of determining the present value of future cash flows by applying a discount rate.
- Comprehend the meanings of essential financial terms such as present value, future value, discount rate, compounding, compound interest, and simple interest.
Verified Answer
JE
Learning Objectives
- Comprehend the meanings of essential financial terms such as present value, future value, discount rate, compounding, compound interest, and simple interest.