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When the local factory closed, Ted lost his job. Even though he is fifty, he decided to acquire new skills. Which of the following new types of education might help him most?
Simple Interest
A method of calculating interest where the calculation is based only on the original amount of money invested or borrowed, excluding the effect of compounding.
Profit
The financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Personal Line
A type of credit product that allows individuals to borrow up to a pre-approved limit on an as-needed basis.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, often used as a reference for other rates.
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