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A local business earned total revenue of $100,000 against economic costs of $85,000, with the difference going to investors. If investors put in $200,000 and expect a 5% return on their investment, this business is earning a _____ economic profit.
Compounded Quarterly
Compounded quarterly refers to the method of calculating interest where the interest earned or paid is compounded four times a year.
Lump Sum Payment
A large, one-time payment made for a particular item or service, rather than breaking the payment into smaller installments.
Financial Obligation
A financial commitment, duty, or liability that an individual or entity is legally bound to fulfill, such as loans or debts.
Compounded Semi-annually
The process where interest is calculated twice a year and added to the principal, allowing future interest calculations to be based on the new principal amount.
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