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In 1649, Maryland's Act of Toleration
Amortized
The process of spreading payments over multiple periods, typically in context of a loan or mortgage, which includes both interest and principal components.
Compounded Semi-annually
Refers to the process where interest is calculated and added to the principal balance of an investment or loan twice a year.
Amortized
The process of spreading out a loan into a series of fixed payments over time.
Amortization
The method of distributing a loan across a sequence of consistent installments over a period.
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