Examlex
What do sociologists call it when large numbers of people move up or down the social class ladder as a result of changes to society as a whole?
Effective Annual Rate
The annual rate of interest that accounts for compounding over the year, providing a true reflection of the financial product's yield.
Rate of Return
The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.
Cash Flows
The total amount of money being transferred into and out of a business, affecting its liquidity.
Lump Sum
A single payment made at a particular time, as opposed to a series of payments made over time.
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