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What is discount rate?

Posted by Cindy on October 9, 2001 at 17:19:25:

I'm a tad bit confused . . . what is a discount rate? I remember Prof. Gabriel saying that it's like an interest rate but can someone explain to me the fundamentals of that? Do the slave owners gain interest from investing in slaves so that's why they always try to load more slaves unto ships that meets the capacity?

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