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Two waves approach each other as shown above. When they completely overlap, the resulting wave will look like
Borrowed
Borrowed refers to funds or items taken on loan from another party, which are expected to be returned or paid back under agreed-upon conditions.
Amortized
The process of spreading out a loan or debt into a series of fixed payments over time, gradually reducing the balance.
Mortgage Payment
Regular payments made towards a mortgage loan, typically including both interest and principal.
Net Balance
The amount remaining in an account after all deductions are made, including potential expenses or charges.
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