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Television did not become readily available until
Compounded Annually
An investment or loan interest calculation method where interest is added to the principal sum at the end of each year, with future interest then earned on the new total.
Present Value
Today's value of future cash flows or a lump sum, calculated using an established return rate.
Discounted
The process of determining the present value of a payment or a series of payments made in the future, using a specific discount rate.
9%
Typically refers to a specific interest rate or percentage in financial contexts, such as a loan interest rate or investment return rate.
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