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__________,__________,And __________ Are the Three General Classes of Internet EC

question 104

Short Answer

__________,__________,and __________ are the three general classes of Internet EC applications.


Definitions:

Student Loans

Student loans are borrowed funds provided to students to cover education-related expenses, which must be repaid with interest over time.

Simple Interest

Interest calculated on the principal amount of a loan or deposit, without compounding.

Loan Balance

The amount of money that remains to be paid on a loan.

Student Loans

Money borrowed to pay for education expenses, which must be repaid with interest.

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