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On inception date,the present value of the minimum lease payments is:
Effective Rate
The actual interest rate earned or paid on an investment, loan, or other financial product, taking into account the compounding effect.
Implied Annual Cost
An estimation of the cost associated with an investment or loan, calculated on a yearly basis, including interest, fees, and other charges.
Prompt Payment Discount
A discount offered to customers for paying their bills promptly, usually within a specified time frame to encourage faster payment.
Terms of Sale
The conditions under which a seller will complete a sale, typically outlining payment terms, delivery times, and quality expectations.
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