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Regarding representation election procedures,which of the following statements is/are true?
Interest
The cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower for the use of lender’s funds.
Compounded Interest
Interest that is computed on both the original amount of money and the interest it has already earned over past periods, whether it’s a savings or a loan.
Investments
Assets or items acquired with the intention of generating income or appreciating in value over time.
Annually
Occurring once every year; relating to a period or cycle of one year.
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