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Define the major transformation processes.
Market Rate
The current price or interest rate at which goods, services, or financial instruments are traded in a competitive marketplace.
Present Value Tables
Tables that show the present value of cash to be received in the future, discounted at various interest rates.
Par Value
The nominal or face value of a bond, share, or other financial instrument, as stated by the issuer.
Effective Interest Method
An accounting technique for amortizing bond premium or discount over the life of the bond in a way that reflects a constant interest rate.
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