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In the science fiction book series "Red Mars, Green Mars, Blue Mars" the author spins a story of "terraforming" Mars with the formation of oceans and a breathable atmosphere by the end of the series. The author describes a scenario, however, where the inhabitants of this fictional world were able to live relatively normally on most of the world but not on Olympus Mons and the Tharsus region. Assuming you could create a breathable atmosphere as described in the books, is the description of where you might live on Mars realistic, or just spinning a yarn?
Contract Rate
The agreed upon interest rate specified in the terms of a contract, often relating to loans or bonds.
Effective Rate
The effective rate, often referred to as the annual equivalent rate, measures the real return on savings or the real cost of a loan, taking into account the effect of compounding interest.
Semiannual Interest
Interest calculated or paid twice a year, often related to bond or loan agreements.
Straight-Line Method
A method of calculating depreciation of an asset where the expense is uniformly spread over its useful life.
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