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In a(n) ________ shop, workers do not have to belong to a union before they are hired, but they must join a union within a specified period (usually 30, 60, or 90 days) in order to keep their job.
Present Value
The present amount of a future sum of money or sequence of cash flows, discounted by a chosen rate of return.
No Money Down
A financing or purchase arrangement in which the buyer is not required to make any upfront payment at the time of purchase.
Weekly Payments
Regular payments made on a weekly basis, often used in terms of loan repayment schedules or employment salaries.
Stated Rate
The annual interest rate declared on a financial instrument, such as a bond, without accounting for compounding within the year.
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