Examlex
Mental age divided by chronological age and multiplied by 100 is the formula used to calculate a person's
Face Value
The nominal or dollar value printed on a security or financial instrument, representing its value upon maturity or redemption.
Treasury Bill
A short-term government security issued at a discount from the face value and yielding the face value upon maturity.
Market Rate
The prevailing interest rate available in the marketplace for securities or loans, dictated by supply and demand forces.
Simple Interest
Interest earned or paid only on the original principal amount invested or loaned.
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