Examlex
The single equivalent discount rate of 9/5/4 is 0.17008.
Revolving Loan
A type of credit that allows the borrower to withdraw, repay, and redraw funds repeatedly up to a certain credit limit.
Average Balance
A calculation used by financial institutions to determine the average amount of money in an account over a specific period, often used to calculate interest charges or eligibility for benefits.
Portfolio
A collection of investments held by an individual or institution.
Rate of Return
The upward or downward shift in an investment's value over a designated period, quantified as a percentage of its initial value.
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