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The fifth-generation Santa Fe was announced by Hyundai on 17 July 2023, followed by a full unveiling on 10 August 2023. [80] Developed under the codename MX5, Hyundai designed the vehicle to appeal to the growing outdoor lifestyle globally by adopting a boxy design. [81]
The "discount rate" is the rate at which the "discount" must grow as the delay in payment is extended. This fact is directly tied into the time value of money and its calculations. The present value of $1,000, 100 years into the future. Curves representing constant discount rates of 2%, 3%, 5%, and 7%