Examlex
Write the formula to find the present value of $750 to be paid in 5 years if the interest rate is 3 percent.
Depreciated
The decrease in an asset's value over time due to wear and tear, obsolescence, or market conditions.
Necessary Item
Items considered essential for the well-being of a person, often used in legal contexts regarding support obligations.
Minority Status
Minority status refers to the condition of being part of a group that is smaller in number within a larger population, often leading to different treatment or opportunities.
Surround Sound System
An audio output system designed to create a 360-degree sound environment, making the listener feel as though sound comes from every direction.
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