Examlex
________ is (are) instructions for hardware and ________ is (are) instructions for people.
GICs
Guaranteed Investment Certificates are financial products in Canada offering an assured interest rate over an agreed-upon term.
Simple Interest
The interest calculated only on the principal amount, without the accumulation of prior interest.
Simple Interest
Interest figured only on the principal balance, or on the portion of the principal balance that is still due.
Closing Balance
The amount of money in an account at the end of a period, after all transactions have been accounted for.
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