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Explain and discuss the history and significance of Sentencing Reform and Three Strikes Laws.
Term Of Loan
The duration scheduled for the repayment of the loan.
Simple Interest
A method of calculating the interest charge on a loan based on the original principal amount and the rate of interest per period.
Annum
A Latin term for year, often used in financial contexts to denote per year.
Deferred Payment
An agreement to postpone payment until a later date, often used in sales and financing arrangements.
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