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The periodicity of terminal responses is best explained by
Note Payable
A written promise to pay a specified amount of money, usually with interest, by a certain date, representing a liability.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, often shown on the income statement.
Face Value
The nominal or dollar value printed on a security or financial instrument, representing its legal value.
Note Payable
A written promise to pay a specified amount of money, usually with interest, at a future date.
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