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Every time John gets in his car and begins to drive without a seatbelt, an annoying red flashing light blinks. John is less likely to drive the car without his seatbelt in the future. This is an example of ______.
Annual Payments
Annual payments refer to the total amount of money paid or to be paid each year, which might include rent, interest, or salaries.
Interest Rate
The percentage of a loan amount charged for borrowing money, expressing the cost of debt.
Present Value
Today’s value of a prospective amount of money or cash flow series, determined by a predefined rate of return.
Payment Options
Various methods available for consumers to make transactions, such as cash, credit cards, and electronic transfers.
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