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When can core businesses change?
Effective Annual Rate
The interest rate on a loan or financial product restated on an annual basis, accounting for compounding over the term.
Compounded Continuously
The process of calculating interest on an investment or loan where the interest is reinvested and earns additional interest constantly over time.
Interest Rate
The fee a lender imposes on a borrower for utilizing assets, represented as a proportion of the principal sum.
Present Value
Today's monetary equivalent of a future amount of money or cash flow sequences, using a specified rate of return.
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