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What proportion of persons entering the workforce today are minorities or immigrants?
Present Value
The existing financial estimate of a future quantity of money or stream of cash flows, with a certain return rate taken into account.
Annuity
A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.
Compound Interest
Interest that accumulates on the initial amount invested and on the interest that has previously been added to that amount.
Installment Note
A debt instrument requiring the borrower to make regular payments of principal and interest over a set period until the debt is paid in full.
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