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Solve the system by substitution.
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Materialize
To become real or actual; in finance, it refers to the realization of expected results, risks, or events in tangible form.
Long-term Notes Payable
Liabilities or debts with a repayment period extending beyond one year, evidenced by a formal promissory note.
Floating Interest Rates
Interest rates that fluctuate over time based on the market or an index.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, shown as an expense in the income statement.
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