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Because of the economic distress of the Confederacy
Present Value
The estimated value in today's terms of a sum of money or series of cash flows expected in the future, according to a specific rate of return.
Interest Rate
The percentage charged on the total amount of borrowed money or paid as earnings on investment, typically annualized.
Interest Rate
The cost of borrowing money, expressed as a percentage of the total amount borrowed, paid by the borrower to the lender for the use of their money.
Interest Rate
The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, per period of time.
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