Examlex
Given the following data, what is the ranking of data point -31? -28, -28, -38, -25, -21, -26, -43, -31
Amortization
The method of distributing a loan across a sequence of consistent installments over a period.
Principal Balance
The remaining amount of money borrowed or invested, excluding any interest or fees.
Compounded Semi-annually
Interest on an investment or loan is calculated and added to the principal twice a year.
Amortization Schedule
A table detailing each periodic payment on an amortizing loan, showing amounts toward principal and interest and the remaining balance after each payment.
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