After Several Years of Working and Going to School Part

question 241

True/False

After several years of working and going to school part time, Hakim recently earned a degree in marketing at a local college. The growth in global markets may increase Hakim's job opportunities, but it will also require him to continually update his skills or seek additional education.

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Definitions:

Monthly Payment

The specific amount of money paid each month, typically used in the context of loans, that includes both principal and interest.

Principal

The balance, or amount of money, in an account, or amount borrowed.

Interest

The cost of borrowing money or the payment received for lending money, usually expressed as a percentage of the principal.

Credit Card Statement

An accounting of the credits and debits in the form of a monthly report sent to a credit card holder.