Try to Avoid Taking Calls During the Interview and Do

question 12

True/False

Try to avoid taking calls during the interview and do not handle or look at any electronic devices
(e.g., iPhone) during the interview even if the client decides to use his or her own devices.

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Definitions:

Simple Interest

Interest calculated only on the principal amount of a loan or deposit, without compounding.

Note Payable

A formal written agreement to pay a specified amount of money, including interest, by a certain date, recorded as a liability on the balance sheet.

Original Principal

The initial amount of debt or loan before any interest or fees are added; it is the base amount on which interest calculations are made.

Accrued Interest

Interest earned or owed that has not yet been paid or received.