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When a conductor is more twisted:
Present Value
The current value of a future amount of money or stream of cash flows, given a specified rate of return.
Serial Bonds
Bonds issued under a single series, where each bond matures at a different specified time.
Mature
To reach a stage in development or growth where full potential or desired outcomes have been achieved.
Periodic Interest
Interest that is calculated and applied at regular intervals over the life of a loan or investment, affecting the overall amount paid or received.
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