Examlex
Most contestants believe that the voting system, which we've been using for twenty years, ______ fair.
Which of the following options correctly completes the sentence above?
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to address the time value of money.
Interest Rate
The fee, represented as a percentage of the total loan amount, that a lender requires from a borrower for the privilege of borrowing money or other resources.
Prizes
Prizes are awards or rewards given for a specific achievement, often used as a form of recognition or incentive in various fields.
Interest Rate
The cost of borrowing money, expressed as a percentage of the amount borrowed per unit of time.
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