How does the Vendor Discount Effective Rate of Interest Calculator work?
Free Vendor Discount Effective Rate of Interest Calculator - Calculates the effective rate of interest earned from a vendor discount for a prepayment of a balance within a certain amount of days for a percentage discount
This calculator has 3 inputs.
This calculator has 3 inputs.
What 1 formula is used for the Vendor Discount Effective Rate of Interest Calculator?
Discount %/(100 - Discount %) * 360/(Balance Due Days - Discount Period Days)
For more math formulas, check out our Formula Dossier
For more math formulas, check out our Formula Dossier
What 3 concepts are covered in the Vendor Discount Effective Rate of Interest Calculator?
- discount
- the amount by which the market price of a bond is lower than its principal amount due at maturity
- interest rate
- the proportion of a loan that is charged as interest to the borrower or proportion of principal credit given to a depositor
- vendor discount
- Discount percentage paid within m days, else the full price is due in n days
Example calculations for the Vendor Discount Effective Rate of Interest Calculator
Vendor Discount Effective Rate of Interest Calculator Video
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