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Simplify the expression. Work inside parentheses first, and then divide out common factors.
Earn
Earn refers to receiving money in exchange for work or services rendered, or through investment returns.
Interest Rate
The percentage of the principal amount charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage rate (APR).
Equivalent
Equal in value, amount, function, meaning, etc., to something else.
Preceding January
The January that occurred immediately before the current date or specified event.
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