Examlex
Briefly describe at least three advantages of using lists in business documents.
Simple Interest Rate
Interest calculated only on the principal amount, not on the interest earned in previous periods.
Term Of Loan
The duration scheduled for the repayment of the loan.
Simple Interest
A method of calculating the interest charge on a loan based on the original principal amount and the rate of interest per period.
Annum
A Latin term for year, often used in financial contexts to denote per year.
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