Examlex
Which of the following terms is spelled correctly?
Simple Interest
Interest calculated on the principal amount of a loan or deposit, without compounding over time.
Savings Account
A deposit account held at a bank that provides interest on the funds deposited.
Lump Sum
An individual disbursement occurring at a certain point, in contrast to periodic payments carried out sequentially.
Proceeds
The amount of money received from a sale or transaction.
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