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A direct cost is one that:
Economically Equivalent
Refers to different financial transactions or investments that have the same economic effect or value, despite differing in structure or form.
Scheduled Payment
A pre-determined amount of money that is paid at regular intervals under the terms of a loan or lease agreement.
Compounded Semi-Annually
Interest on a loan or investment calculated twice a year, adding each interest payment to the principal.
Bond Interest
The interest received by a bondholder, typically paid semi-annually, on the bond's face value.
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