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Which two famous individuals defined insanity as "doing the same thing over and over again and expecting different results?"
Contractual Agreement
A legally binding contract specifying the terms and conditions under which parties agree to perform certain actions.
Note Principal
The original amount of money borrowed or the amount still owed on a loan, separate from interest.
Interest Expense
The cost incurred by an entity for borrowed funds, often expressed as a percentage of the principal.
Straight-line Method
A method of calculating depreciation by evenly spreading the cost of an asset over its useful lifespan.
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