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What is the purpose of a counselor conducting an assessment of their client?
Discount Rate
The discount rate that is used to compute the present value of forthcoming cash flows.
Annual Payments
Recurring payments made once a year.
Compounded Monthly
Determining interest on a monthly schedule by including both the initial principal and previously earned interest in the calculation.
Mortgage
A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.
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