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Tech A states that the 948TE transmission can be shifted by cable or wire depending on the vehicle. Tech B states that shift by wire transmissions will require an additional solenoid to operate. Who is correct?
Long-Term Notes Payable
A debt obligation with a maturity of more than one year, often used for financing assets or other long-term investments.
Cash Payment
The act of disbursing money to settle a transaction, bill, or debt.
Principal Balance
The original sum of money borrowed in a loan or the remaining balance of a loan excluding interest.
Times Interest Earned
A ratio that measures a company's ability to meet its debt obligations based on its earnings before interest and taxes.
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