Examlex
Which one of the following statements about benchmarking is TRUE?
Simple Interest Rate
The percentage of interest calculated only on the principal amount, not including any interest from previous periods.
Investment
The allocation of resources (such as time, money, or effort) in the expectation of generating a future return or profit.
Interest
The expense associated with taking out a loan, usually conveyed as a yearly percentage of the total loan value.
Invested
Dispensing capital with the plan of creating income or profit.
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