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According to the text, the modern outlook
Term Deposit
A deposit held at a financial institution for a fixed term that offers a fixed interest rate, where withdrawing money before the term ends usually incurs a penalty.
Bookkeeper
A person responsible for recording the financial transactions and maintaining the financial records of a business.
Principal
The original sum of money borrowed in a loan, or the amount of the investment itself.
Interest Components
Elements that contribute to the total interest calculation, often including principal, rate, and time.
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