Examlex
Which of the following is most likely to use database marketing?
Loan Balance
The remaining amount of money that a borrower must pay on a loan at any given time.
Compounded Semi-annually
Interest calculation method where interest is added to the principal twice a year, increasing subsequent interest calculations.
Loan Payment
The amount of money required to be paid back periodically (usually monthly) on a loan, including both principal and interest.
Compounded Semi-annually
Refers to the process of calculating interest on an investment or loan twice a year.
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