Phenomena Are Often Referred to as "Effects

question 29

True/False

Phenomena are often referred to as "effects."

---

Definitions:

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.

Deferred Payment

An agreement to postpone payment until a later date, often used in sales and financing arrangements.