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In addition to an increase in immigration, why has the Hispanic/Latino population grown so quickly in the United States?
Redemption
The process of paying off or buying back a security, such as a bond, at its face value or at a specified price before maturity.
Effective-Interest Amortization
A method of calculating the amortized cost of a bond or loan based on the periodic interest rate applied to the carrying amount, resulting in an equal interest expense over the period.
Bonds
Fixed-income investments representing loans to borrowers such as corporations or governments, paid back with interest over time.
Interest Accrual
The process of recognizing interest expense or interest income that has been earned but not yet paid or received.
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