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2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
The savings aren't astronomical (you're looking at around $5 to $10 per card) and popular retailers tend to tout the lowest discount. But, hey, every little bit counts.
In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond . Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of ...
A discount rate applied times over equal subintervals of a year is found from the annual effective rate d as. where is called the annual nominal rate of discount convertible thly. is the force of interest . The rate is always bigger than d because the rate of discount convertible thly is applied in each subinterval to a smaller (already ...
Under most income-driven repayment plans, borrowers are required to pay 10% of their discretionary income. But borrowers enrolled in SAVE will see those payments cut by as much as half in July.
People who took 10 or fewer vacation days per year were less likely to receive a raise or bonus than those who took more than 11 or more vacation days (34.6 percent compared to 65.4 percent), ...
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