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  2. Home equity line of credit - Wikipedia

    en.wikipedia.org/wiki/Home_equity_line_of_credit

    A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage). Because a home often is a consumer's most valuable asset, many homeowners ...

  3. Calling All Boomers: These Are 4 Debts You Need to Pay Off ...

    www.aol.com/calling-boomers-4-debts-pay...

    The monthly payments on car loans can be a significant drain, particularly given that the average car loan rate ranges from a low of 5.25% to a whopping 21.55% (dependent on your credit score ...

  4. What is compound interest? How compounding works to turn time ...

    www.aol.com/finance/what-is-compound-interest...

    If you added $500 to the minimum payment and put $766.67 to your credit card balance each month, it’d take just 15 months to pay off the balance and you’d pay $1,369.33 — or about 12% of ...

  5. BRICS - Wikipedia

    en.wikipedia.org/wiki/BRICS

    BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.BRICS was originally identified to highlight investment opportunities. [3]

  6. 68–95–99.7 rule - Wikipedia

    en.wikipedia.org/wiki/68–95–99.7_rule

    In statistics, the 68–95–99.7 rule, also known as the empirical rule, and sometimes abbreviated 3sr, is a shorthand used to remember the percentage of values that lie within an interval estimate in a normal distribution: approximately 68%, 95%, and 99.7% of the values lie within one, two, and three standard deviations of the mean, respectively.

  7. Interest rate - Wikipedia

    en.wikipedia.org/wiki/Interest_rate

    A discount rate [2] is applied to calculate present value. For an interest-bearing security, coupon rate is the ratio of the annual coupon amount (the coupon paid per year) per unit of par value, whereas current yield is the ratio of the annual coupon divided by its current market price.

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