Examlex
The process of collecting, organizing, and analyzing data in order to gain deeper understandings that allow students to solve problems, formulate predictions, and make plans of action is applicable to:
Principal Paid
The portion of a loan payment that goes toward reducing the original amount borrowed, distinct from interest or other fees.
Extra Payments
Additional payments made over the required minimum payment on debts like loans or mortgages, aimed at reducing the principal balance more quickly.
Total Interest
The total amount of interest paid over the lifetime of a loan.
Life of the Loan
The duration over which a borrower is required to make payments until the loan is paid off in full.
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