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Alpha Corp.sells $1,000 of merchandise on account to Beta Corp.with credit terms of 2/10, n/30.If Beta pays within the discount period, how much cash will Alpha receive?
Effective Yield
Effective yield is the total yield on an investment, taking into account the effects of compounding interest or reinvestment over a given period.
Maturity Date
The date on which a financial obligation must be repaid in full.
Present Discounted Value
The present worth of a future amount of money or series of cash inflows, discounted at a given rate of return.
Interest Rate
The cost of borrowing money or the payment made for the use of money, typically expressed as a percentage of the principal amount annually.
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