Phase 3 Discussion Board

Words: 69
Pages: 1
Subject: Essays

up to 3 paragraphs Describe the difference between a single trade discount versus and discount series. Give an example of when it would be beneficial to choose one discount instead of the other. When calculating interest rates, the rate may be given as a fractional value instead of percentage. Give an example of a fractional rate and explain how to convert the fraction to both the percentage and decimal equivalent