Examlex
Which one of the following is not one of the four steps in the development of a community action program?
Future Value
The value of an investment at a specified future date, based on an assumed rate of growth over time.
Rate of Interest
The percentage at which interest is charged on a loan or earned on an investment over a specific period of time.
Mortgage Payment
A regular payment made to a lender that typically includes both interest and principal repayment on a mortgage loan.
Mortgage Rate
The interest rate charged on a mortgage loan, determining the cost of borrowing for the purchase of real estate.
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