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Critical Thinking questions (Multiple Choice) You need software to keep track of the money flowing in and out of your various accounts. What type of software should you use?
Trust Fund
A fund comprised of a variety of assets intended to provide benefits to an individual, group, or organization.
Annual Percentage Rate
A measure of the cost of credit, expressed as a yearly interest rate.
Annual Percentage Rate
The yearly interest rate charged on borrowed money, including fees and other costs associated with the loan.
Effective Annual Rate
Effective annual rate (EAR) is the actual return on an investment or real cost of a loan, considering compounding interest, expressed as an annual rate.
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