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Rule Of 70
A rule estimating the number of years required to double an investment or population at a particular annual growth rate, calculated by dividing 70 by that growth rate.
Interest Rate
The financial charge for borrowing resources, represented as a percentage of the initial loan amount.
Account
A record that keeps track of financial transactions, investments, or the financial state of an individual, institution, or company.
Utility Function
A mathematical representation used in economics to model satisfaction or preference that a consumer derives from the consumption of goods and services.
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