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Which phase of the business cycle occurs immediately before a trough?
Interest Paid
The amount paid over a period for borrowing funds or the cost incurred for the use of borrowed money.
Interest Expense
The cost incurred by an entity for borrowed funds, reflectively the interest payments due on any type of debt.
Face Value
The nominal value printed on a bill, bond, ticket, or other document, representing its value at issuance and/or redemption.
Effective-Interest Method
A method used in finance to systematically allocate the interest expense or income over the life of a financial asset or liability.
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