Examlex
The FCC forbids any station from broadcasting or airing any contest that is considered a lottery. To be considered a lottery, the giveaway must include these three elements: prize, chance, and _______________.
Compound Rate
The rate at which interest is earned on both the initial principal and the accumulated interest from previous periods.
Savings Account
An account in a bank or financial institution where the main amount is safe and earns a small amount of interest.
Interest
The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
Future Value
The value of an investment at a specified point in the future, accounting for factors like interest rates and compounding.
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