Examlex
An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance.The number of claims a person has made in the last 3 years is an example of a numerical variable.
Present Values
The present equivalent of a future money sum or cash flow series, calculated using a particular rate of return.
Student Loans
Financial borrowings aimed at financing higher education expenses, subject to repayment with interest.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.
Monthly Payment
Periodic payments made towards loans, typically calculated monthly, covering interest and principal repayment.
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