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As the Number of Days Without Rain Increases,the Amount of Wheat

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As the number of days without rain increases,the amount of wheat grown per acre declines.A graph showing this relationship shows


Definitions:

Nominal Rate

Refers to the interest rate stated on a loan or investment agreement before any inflation adjustment or compounding effect.

Term of Loan

The period over which a loan agreement is in effect, at the end of which the loan must be repaid in full.

Nominal Rate

The stated interest rate on a loan or financial product, not accounting for inflation or compounding effects.

Term of Loan

The length of time over which the loan is scheduled to be repaid.

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