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Which methods tend to use spiral or other iterative models?
Amortized
The process of paying off debt through regular payments over a set period, where the payments cover both principal and interest.
First Three Years
Referring to the initial period of three years from a specific start point, often used in the context of forecasting, planning, or analyzing early-stage performance.
Compounded Monthly
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done once per month.
Principal Repaid
The amount of the original loan paid back, excluding interest or additional fees.
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