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According to the permanent-income theory, which of the following would have the greatest impact on the current consumption of a 45 year-old tenured college professor?
Interest Due
The amount of interest payment required to be paid on a loan or debt at a specified date.
Maturity Value
The amount that will be received at the maturity date of a financial instrument, typically including the principal and the interest.
Note Receivable
A financial asset representing a written promise to receive a specific amount of money, plus interest, from another party at a future date.
Interest Due
The amount of interest that has accumulated on borrowed funds or investments that is payable to the lender or investor.
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