Avoid ______ When Plain English Will Do

question 6

Short Answer

Avoid ______ when plain English will do.

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Definitions:

Equivalent Interest

A term used in finance to describe an interest rate that may have been adjusted to reflect compounding over a different period than the one originally stated.

Equivalent Interest

An interest rate or yield that makes two financial instruments with different payment structures equally valuable.

Nearest 0.01%

A method of rounding numbers to the closest hundredth of a percent.

Coffee Fund

Informally refers to a pool of money collected for buying coffee or sometimes used as a casual fund for small group expenses.