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Explain the four basic types of franchises.
Investment
Allocation of resources, usually financial, in expectation of generating an income or profit over time through appreciation, dividends, or interests.
Pay
Compensation received by an employee from an employer in exchange for performing a job.
Thirty Year Mortgage
A long-term home loan typically repaid over 30 years through fixed monthly payments, often with a fixed interest rate.
Monthly Payment
The amount paid each month on a loan, mortgage, or other debt obligation.
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