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Suppose that Jupiter had never existed, and there was no planet in our solar system between Mars and Saturn. How would we expect this to have affected Earth?
Amortized
The process of spreading out a loan into a series of fixed payments over time, covering both principal and interest.
Outstanding Principal
The portion of a loan amount that has not yet been repaid to the lender.
Principal Repayment
The process of paying back the original amount of money borrowed, excluding interest, in a loan or bond.
Fixed-Rate Mortgage
A mortgage loan that has a fixed interest rate for the entire term of the loan, protecting borrowers from rising interest rates.
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