Vendor Discount Effective Rate of Interest Calculator
How does the Vendor Discount Effective Rate of Interest Calculator work?
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.
What 1 formula is used for the Vendor Discount Effective Rate of Interest Calculator?
Discount %/(100 - Discount %) * 360/(Balance Due Days - Discount Period Days)