In the US Today, the Odds of a Couple Who Got Married

question 74

True/False

In the U.S. today, the odds of a couple who got married between the ages of 20 and 24 getting divorced are around 60%.

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Definitions:

Nominal Rate

The interest rate before adjustments for inflation, as opposed to the real rate which is adjusted for inflation.

APR

The Annual Percentage Rate (APR) is a measure of the cost of borrowing that includes interest and other fees, shown as a yearly rate.

Compound Interest

The concept of earning interest on previously earned interest. A sum earning compound interest grows exponentially over time.

Interest

The expense associated with taking out a loan or the earnings from an investment, usually quantified as a percent of the initial amount.