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In Addition to Meeting the Age, Citizenship, and Residency Requirements

question 10

Multiple Choice

In addition to meeting the age, citizenship, and residency requirements, which of the following would you need in order to be a viable candidate for governor in Texas?


Definitions:

Discounted

The process of determining the present value of a future amount, or stream of payments, by applying a discount rate.

Maturity Value

The total amount payable to an investor at the end of a fixed-term investment, including principal and interest.

360-Day Year

A conventional method in finance for simplifying interest calculations, assuming a year has 360 days.

Finance Company

A business that provides loans to individuals and companies, aside from traditional banking institutions, often specializing in certain types of loans.

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