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Nolan is applying for a promotion within his company. The formal statement about the job says that he must have a four-year college business degree, have five years of experience with the sales force, have the ability to work under pressure, and have excellent communication and organizational skills. These statements, or ________, were made to ensure Nolan was the right person to fulfill the job's requirements.
Interest
The cost associated with the right to borrow funds, often represented as a percentage rate per year.
Compounded Semi-Annually
An approach to calculating interest where the interest is added to the principal twice a year.
Loan
The lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc.
Amount
The total sum or quantity of something.
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