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When preparing your calendar, it is recommended that you
Simple Interest
Interest calculated only on the principal amount, or on that portion of the principal amount that remains unpaid.
Months
Units of time used in accounting and financial contexts to represent periods or durations, often for reporting, planning, or measurement purposes.
Promissory Note
A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Maturity Date
The date on which a financial obligation must be repaid in full.
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