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The first framework in the four frameworks approach to the research project is:
Loan Payment
The amount paid periodically to the lender of a loan, which includes both principal and interest.
Interest
The charge for borrowing money or the payment received for depositing money, typically expressed as an annual percentage rate.
Interest Annually
The payment received or paid out for the use of money on a yearly basis.
Principal Due
The amount of the original loan or bond issue that is still owed, excluding interest payments.
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