Use the following to answer questions .
Exhibit: Rent Controls 
-(Exhibit: Rent Controls) Without rent controls, the equilibrium rent is _______ and the equilibrium quantity is _______ .
Definitions:
Compound Interest
Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
Future Value
The estimated value of an investment at a specific date in the future, considering interest or growth over time.
Compounded Semiannually
Refers to the process where interest is calculated and added to the principal amount of an investment or loan twice a year.
Total Payment
The sum amount paid over the duration of a loan or installment plan, including both the principal amount and the interest.
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