Examlex
Explain whether the statement, "Hillary Clinton was elected President of the United States in 2012," is a normative or positive statement.
Interest Rate
The cost of borrowing money, expressed as a percentage of the total amount loaned, paid by borrowers to lenders.
Present Value
The contemporary valuation of an anticipated sum of money or cash flow sequence, based on a given return rate.
Interest Rate
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period of time.
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