Examlex
The "sandwich generation" is defined as the generation that must cope with increasing responsibilities at work at the same time that they must cope with increasing responsibilities at home.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.
Interest
A charge for borrowed money, generally a percentage of the amount borrowed, paid by the borrower to the lender over a set period.
Borrower's Payment
The amount of money a borrower is required to pay back to a lender, often on a regular schedule, including both principal and interest.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to assess investment opportunities.
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