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Revision as of 14:15, 25 October 2014
I want to make a withdrawal <a href=" http://www.ohword.com/buy-speech-outline/ ">personal essay for graduate school application</a> When a lender calculates the value of a mortgage, or a trader sets the price of a bond, each looks at the payments scheduled in the future and translates them into todayâÂÂs dollars, using a commonplace calculation called discounting. By extension, it might seem that an actuary calculating a cityâÂÂs pension obligations would look at the scheduled future payments to retirees and discount them to todayâÂÂs dollars.
