Examlex
In order to conserve fuel,you modify your car by removing 100 kg of excess weight.How much energy is saved each time you accelerate from 0 to 100 km/hr (62 mph) ?
Invest
The act of allocating resources, usually money, with the expectation of generating an income or profit.
Nominal Annual Rate
The annual interest rate quoted by financial institutions, not adjusted for inflation or other factors that affect the real rate of return.
Balloon Payment
A large, one-time payment due at the end of a loan term, after a series of lower regular payments.
Equal Monthly Payments
Equal monthly payments refer to the uniform payment amount made in each period, often seen with loans like mortgages, where principal and interest are paid off over time.
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