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A(n)_____ Discount Is a Deduction from List Price That Applies

question 3

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A(n) _____ discount is a deduction from list price that applies to the buyer's total purchases made during a specific period.


Definitions:

Ordinary Annuity

A series of equal payments made at regular intervals, such as monthly or annually, with the payments occurring at the end of each period.

Investment Account

A financial account held by an investment dealer that enables individuals to purchase securities such as stocks, bonds, and mutual funds.

Annually

Happening annually.

EAR

The Effective Annual Rate, a measurement of interest that takes into account the effect of compounding over the period of time it is applied.

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