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Tammy was discussing the hidden curriculum in schools with Rachel,when Rachel retorted,"You sound like a Marxist sociologist." What did Tammy say that would garner that response?
Effective Interest Rate
The real rate of interest earned or paid on an investment or loan, taking into account the effect of compounding.
Pledging Receivables
Borrowing money using receivables as collateral.
Effective Cost
The total cost of a financing option, including all fees and interest, adjusted for any discounts or premiums, providing a true comparison of costs.
Annual Rate
Annual rate often refers to the interest rate for a period of one year, but can also apply to any annualized financial metric intended to allow comparison over a year's period.
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