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Why is an empty field a very safe place to be in an earthquake?
Daily Balance
A method of calculating interest where the amount owed or due is recalculated each day, based on the balance of the account at the end of each day.
Borrowed
Refers to money or goods taken on loan with the obligation to return it or pay it back, usually with interest, within a specified period.
Amount Owed
The total sum of money that is due or required to be paid to another party.
Interest Rate
The fraction of a monetary sum levied for the privilege of utilizing it, often indicated as a percentage per annum.
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