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Imagine we've discovered a planet orbiting another star at 1 AU every 6 months.The planet has a moon that orbits the planet at the same distance as our Moon,but it takes 2 months.What can we infer about this planet?
Interest on Unpaid Balance
Interest charged on the portion of a loan or credit card balance that has not been paid off within the agreed period.
Equal Monthly Payments
Regular payments of the same amount made over a set period to repay a loan or mortgage.
Compounded Monthly
Compounded Monthly implies that interest is added to the principal sum of a deposit or loan each month and interest in the following month is then earned on the new principal sum.
Monthly Payments
Regular payments made every month, typically used in the context of loans, mortgages, or other installment plans.
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