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Describe America's approach to thinking that led to the "Second Revolution."
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.
Basic Formula
Typically refers to the accounting equation: Assets = Liabilities + Equity.
Calculating Interest
The process of determining the monetary charge for borrowing money or the return on investment for savings, typically through a predetermined formula.
Note Receivable
A written promise for the payment of a specified amount of money at a set time to the holder or bearer of the note.
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