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List the European nations that remained neutral during the First World War.
Study the map "Europe Goes to War, Summer 1914" in the text. Referring to the text when necessary, answer the following questions:
Refer to Map Exercise 23-1.
Effective Annual Rate
The interest rate on an investment or loan that considers the effects of compounding over a one-year period.
Interest
The cost of borrowing money, typically expressed as a percentage of the principal, to be paid over a specified period.
Annuity Due
A type of annuity in which payments are made at the beginning of each period, rather than at the end.
Present Value
The current worth of a future sum of money or stream of cash flows, given a particular rate of discount.
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