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According to the National Center for Health Statistics (2011) ,what were the life expectancies in 2011 of European Americans and African Americans in the United States when ethnicity was taken into account?
Amortization Period
The length of time it takes to pay off a loan or mortgage in full with regular payments that cover both principal and interest.
Compounded Monthly
A method of calculating interest where the interest earned each month is added to the principal, so the balance doesn't merely grow; it grows at an increasing rate.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Loan
Money that is borrowed, typically from a bank or financial institution, that is expected to be paid back with interest.
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