Examlex
Instructions: Explain/Define the following terms.
Bhagavad-Gita
Equal Payments
Consistent payment amounts made regularly over a period, typical in loans and annuities.
Simple Interest
Interest calculated on the principal sum only, not compounding on earned interest, typically over a period of time.
Savings Account
A bank account that earns interest over time, designed for the deposit of funds not intended for immediate use.
Discounted
The reduction applied to the face value or current price of an item or financial instrument, taking into account factors such as time, interest rate, and risk.
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