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Maturity Value
The total amount payable to an investor at the end of a fixed-term investment, including principal and interest.
360-Day Year
A conventional method in finance for simplifying interest calculations, assuming a year has 360 days.
Finance Company
A business that provides loans to individuals and companies, aside from traditional banking institutions, often specializing in certain types of loans.
Discounted
refers to a price that has been reduced from the original or list price, often to encourage sales or clear inventory.
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