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New, entrepreneurial ideas frequently sprout from an entrepreneur's desire for a product that he or she cannot currently find in the market.
Principal Amount
The initial amount of money borrowed or invested, excluding any interest or dividends.
Equal Annual Payments
Regular payments of the same amount made over a specified period of time, often used in loans and annuities.
Installment Note
A debt instrument that requires a series of payments over time, typically including both principal and interest components.
Interest Portion
This term represents the part of a payment or financial obligation that covers the interest on a debt, distinct from the principal repayment.
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