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What does TCP/IP stand for?
Simple Interest
Interest calculated only on the principal amount, not on the interest that has been added over time.
Repay
The act of paying back money that was borrowed from a person or institution.
Term Deposit
A fixed-term investment held at a financial institution where money can be invested for a certain period of time, earning a predetermined interest rate.
Simple Interest
Interest measured solely on the primary amount, not factoring in compounding.
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