Examlex
Which of the following equations is equivalent to 5(3 x - 2) - 6 = 30?
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return or discount rate.
Discounting
The process of determining the present value of future cash flows by applying a discount rate.
Compounding
The process in which the value of an investment increases because the earnings on an investment, both capital, and interest, earn interest as time passes.
Simple Interest
Interest calculated only on the principal amount of a loan or deposit, without compounding.
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