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David works in the sales department for a mid-sized hardware manufacturer, he has a growing family at home and the budget is always tight. He often travels the province and receives a commission on sales that he makes. How is David likely to view receiving commission for completing sales?
APR
Annual Percentage Rate; the annual rate charged for borrowing or earned through an investment, including any fees or additional costs associated with the transaction.
Mortgage
A loan used by individuals and businesses to purchase real estate without paying the entire purchase price upfront, wherein the property itself serves as collateral for the loan.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed.
Security Deposit
A sum of money held in trust either as an initial part-payment in a purchasing process or as a guarantee for the performance of a specified action.
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