Examlex
What are three ideas discussed in the text that can improve the effectiveness of probation?
Future Value
Financial value of an asset or cash set for a future date, equivalent to a fixed present sum.
Annuity
A financial instrument that provides a consistent series of payments to a person, often utilized in planning for retirement.
Continuous Compounding
The process of calculating interest on an investment or loan continuously, leading to the accumulation of interest upon interest, often resulting in higher yields.
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