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Think of a Story Reported in the News in Which

question 26

Essay

Think of a story reported in the news in which you think the principle of social justice was violated.Discuss what changes need to be made in order for similar injustices to be avoided in the future.


Definitions:

Compounded Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, where initially more interest is paid than principal.

Constant Payments

A fixed amount of money paid periodically in a loan agreement or financial investment, such as in an annuity or mortgage.

Interest

A fee levied for the use of borrowed money, frequently expressed in terms of an annual percentage rate.

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