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A length L0 of wire has a resistance of 32.0 Ω. The wire is uniformly stretched (i.e., the total volume of the wire is unchanged during the stretching) to four times its original length, or 4 L0. If a length L0 is now cut from the stretched wire, what is its resistance?
Interest Rate Swap
A financial derivative that involves the exchange of interest rate cash flows between two parties based on a specified principal amount.
Fixed Rate
A constant interest rate for a loan or mortgage that remains unchanged for the entire term of the loan or for a set period.
Variable Rate
An interest rate that changes periodically over the lifetime of the loan based on an underlying benchmark or index.
Prime Rate
The interest rate that banks charge their most creditworthy customers, often used as a benchmark for other loans.
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