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Which of the following is a primary distinction between a line extension and a product modification?
APR
Annual Percentage Rate, a measure used to calculate the cost of borrowing or the yield from an investment, taking into account interest rates, fees, and loan terms.
Monthly Payment
The specific amount of money paid each month, typically used in the context of loans, that includes both principal and interest.
Principal
The balance, or amount of money, in an account, or amount borrowed.
Interest
The cost of borrowing money or the payment received for lending money, usually expressed as a percentage of the principal.
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