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After teaching a patient with a bunion about how to prevent further problems,the nurse will determine that more teaching is needed if the patient says which of the following?
Present Value
The current value of a future sum of money or stream of cash flows, given a specified rate of return.
Perpetuity
A type of financial instrument that pays a fixed amount of cash flows indefinitely, without a maturity date.
Compounded Monthly
A method of calculating interest in which the interest earned each month is added to the principal, and future interest is calculated on the new total.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money, or the rate earned on an investment.
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