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Local Area Networks (LANs)connect Computers Within a Limited Geographical Area

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Local Area Networks (LANs)connect computers within a limited geographical area, usually spread over several buildings.


Definitions:

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals or businesses.

Present Value

The modern equivalent value of a future monetary sum or cash flow sequence, with an established return rate.

Interest Rate

The percentage charged on a loan or paid on deposited funds, representing the cost of borrowing or the gain on savings.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

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