Future Bookstore sells books before they are published. Today they offered the book Adventures in Finance for

Question:

Future Bookstore sells books before they are published. Today they offered the book Adventures in Finance for $14.20, but the book will not be published for another two years. The retail price when the book is published will be $24.00. What is the Future Bookstore is offering its customers for this book?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...