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Which of the following is the best advice when presenting the reasons for the bad news?
Emergency Fund
A reserve of money set aside to cover unexpected expenses or financial emergencies.
Lump Sum
A single payment made at a particular time, as opposed to a series of smaller payments or installments.
Annual Payments
Annual payments are payments made once a year for various financial commitments such as loans, insurance policies, or rent, providing a means to manage large payment obligations over time.
Interest Rate
The expense a borrower is obliged to pay to a lender, formulated as a percentage of the principal, for the service of borrowing assets.
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