Examlex
The sales and use tax base varies from state to state.
Discount Rate
In finance, the interest rate used to discount future cash flows of a financial instrument to present value, reflecting the opportunity cost of capital.
Payments
The act of transferring money or value from one party to another in exchange for goods, services, or to fulfill a legal obligation.
Years
Units of time measuring 365 days (or 366 in a leap year), often used to track age, duration, or periods of investment.
Effective Annual Rate
The interest rate on a loan or financial product restated on an annual basis, accounting for compounding over the term.
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