what are the other terms in discount series
To determine the other terms in a discount series, you first need to know the values of the known terms. A discount series is a sequence of numbers where each term is obtained by applying a discount to the previous term.
Let's say we have the first term, A, and the common discount rate, R, which is expressed as a decimal. The formula to find the next term, B, in the discount series is:
B = A * (1 - R)
To find the next term after B, you can use the same formula:
C = B * (1 - R)
You can continue applying this formula to calculate subsequent terms in the discount series by using the previous term and the common discount rate. Each subsequent term will be obtained by multiplying the previous term by (1 - R), where R is the discount rate expressed as a decimal.