Examlex
The longer the time to maturity:
Simple Interest
A way of calculating interest where the interest charge is based on the original principal only and does not compound.
Repaid
The action of paying back borrowed money to a lender, either in installments or as a lump sum.
Loans
Sums of money borrowed that are expected to be paid back with interest, often under agreed-upon terms between lenders and borrowers.
Simple Interest
Interest earned or paid on the original principal only of a deposit or loan, without compounding.
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