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Provide an appropriate response.
- ? 220)
National Income
The total amount of money earned within a country, consisting of wages, rents, interest, and profits from domestic and foreign sources.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return, crucial in assessing investment opportunities.
Interest
Interest represents the cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower to the lender for the use of the lender's money.
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