Examlex
For an English-speaking child, which word pair is especially difficult to understand?
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Future Value
The worth of an asset or cash on a future date that has the same value as a certain amount presently.
Present Value
A calculation that determines the current worth of a future sum of money or stream of cash flows, given a specified rate of return.
Usury Laws
Regulations governing the amount of interest that can be charged on a loan, intended to prevent lending at excessively high rates.
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