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Assume that Sarah agrees to lend $100 to Sam for one year.Sam agrees to pay Sarah $110 at the end of the year.If inflation over that one year is 7%,what real rate of interest does Sarah earn on her $100?
Tornado Chart
A visual representation used in sensitivity analysis to compare the relative importance of variables.
Decision Table
A tabular method for representing and analyzing logical relationships between conditions and actions, used in decision-making and systems analysis.
Decision Variable
A variable in optimization or decision-making models whose value is subject to choice within a set of permissible values.
Monte Carlo Simulation
A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problems.
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