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When Cookie first started golfing, she had to think about every part of her swing. Now that she's been golfing for years, she swings her club without even thinking about it. For Cookie, swinging a golf club has become
Interest
is the cost of borrowing money or the payment received for lending money, typically expressed as an annual percentage of the principal.
Debt
An amount of money borrowed by one party from another, often used to make large purchases that cannot be funded by other means.
Present Value
The current price of a future monetary sum or a succession of cash flows, taking into account a certain rate of interest.
Cash Flows
The comprehensive flow of funds in and out of a corporation, significantly shaping its ability to pay off short-term debts.
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