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The Basic Formula for Computing Interest on an Interest-Bearing Note

question 55

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The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year = interest.


Definitions:

Dodd-Frank Act

A comprehensive and complex piece of financial regulation in the United States, enacted in 2010 to prevent the recurrence of financial crises.

Clawback

A provision under which money already paid must be returned, often used in employment contracts for the return of bonuses or in investment agreements.

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An individual who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

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