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Putting participants in one of two conditions by flipping a coin illustrates
Interest Rate
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Future Value
The value of a current asset at a specified date in the future based on an assumed rate of growth over time.
Interest Rate
The percentage of a loan that incurs interest for the borrower, usually shown as an annual rate based on the remaining loan balance.
Current Dollars
A term referring to the nominal value of money at the present time, without adjusting for inflation or deflation.
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