The refinancing rate is the interest rate
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听力原文:M: The rate on a personal loan is fixed according to the base rate at the time when the loan is made.
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如果利率是10%,一年后的100美元的现值是多少?如果利率是5%,它的现值又是多少?What is the present value of $ 100 one year from now if the interest rate is 10%?What is the present value if the interest rate is 5%?
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