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If either Nationwide or Geico does not open new offices, then Metropolitan does not hire agents.
Principal
The original sum of money borrowed in a loan, or the amount of the loan outstanding at any given time, excluding any interest.
Compound Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Principal
The original sum of money borrowed in a loan, or the initial amount of investment, excluding any interest or dividends.
Maturity Value
The amount that will be received at the maturity date of an investment, including the principal and any accrued interest.
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