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If the value of the Canadian dollar increases substantially relative to other currencies, what is the likely result?
Private Loan
A loan sourced from a private entity or individual, as opposed to a government or public lender.
Accrued Interest
Interest that has been incurred but not yet paid, typically relating to bonds or loans.
Pay Off
To completely settle a debt or an obligation.
Compounded Quarterly
A method of calculating interest where the interest is added to the principal balance four times a year.
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