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What societal factors led to the crime control model of corrections? What kind of societal factors do you think might help bring about a transition to a different model in the near future, and what might such a model look like?
Yearly Payment
The amount of money paid or received over the course of a year for any financial transaction or obligation.
Effective Yield
The total yield of an investment after accounting for compounding interest, often expressed on an annual basis.
Perpetuity
A financial term referring to a type of annuity that pays a series of payments indefinitely, with no end.
10-Year Bond
A financial instrument issued by governments or corporations promising to pay back borrowed funds with interest over a ten-year period.
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