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_____ 12.A memo to file for a client should be more detailed than the client letter.
Investment
The action or process of allocating resources, usually money, with the expectation of generating an income or profit.
Interest
The cost of borrowing money, typically expressed as an annual percentage of the loan amount.
Months
Refers to each of the twelve distinct periods into which a year is divided, commonly used to measure periods of time in calendars.
Principal
The original amount of money invested or lent, before interest or earnings are added.
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