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ABS, TCS, ARC, and stability control systems are designed to help prevent accidents. Explain why these systems have become available only recently on vehicles.
Periodic Interest Rate
The interest rate charged or paid over a specific period of time, often less than one year, such as a month or quarter.
Annuity
A monetary scheme providing regular payment intervals to a person, often employed as a retirement income solution.
Payment Interval
The regular time period between payments on a loan or investment, such as monthly or annually.
Periodic Interest Rate
The interest rate charged or paid over a specific period of time, shorter than a year, such as monthly or quarterly.
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