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It is possible for the standard error of the estimate to actually increase if variables are added to the model that do not aid in explaining the variation in the dependent variable.
Present Value
The present worth of a future amount of money or series of cash flow at a given return rate.
Payable
This term refers to an amount of money that is due to be paid.
Compounded Annually
Interest on an investment that is calculated once a year, where the interest earned each year is added to the principal.
Loan Principal
The initial amount of money borrowed in a loan, excluding interest and other charges.
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