Examlex
In 1952, a UNIVAC I cost $12 million.
Effective Rate
The annual interest rate on a loan or investment, taking into account the effect of compounding, as opposed to the nominal rate which does not.
Annuity
A financial scheme that guarantees a set sequence of disbursements to an individual, frequently used to secure income in retirement.
GMAC Purchase Finance
Financial services related to buying, typically provided by General Motors Acceptance Corporation, focusing on auto loans and leases.
Cash Purchase Price
The amount of money required to buy a good, service, or asset without financing or credit.
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