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This Very Slow Wired Technology Uses the Phone Line; an Inexpensive

question 16

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This very slow wired technology uses the phone line; an inexpensive ISP subscription should be the only additional cost, but you cannot connect to the Internet and use your phone on the same line simultaneously.


Definitions:

Mortgage Notes Payable

A legal document indicating the amount of a mortgage loan and the terms under which it is to be repaid.

Contractual Interest Rate

The agreed-upon interest rate specified in a loan or bond contract, which the borrower must pay to the lender.

Market Interest Rate

The prevailing rate of interest determined by supply and demand in the financial markets.

Straight-Line Method

A method of depreciation that allocates an equal amount of the depreciable cost of an asset to each year of its useful life.

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