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The dominant response is always the most socially desirable response in a situation.
Note Duration
The total length of time until a note payable or receivable matures and is to be repaid or collected.
Rate of Interest
The percentage of principal charged by the lender for the use of its money.
Principal Amount
The initial size of a loan or an investment, excluding any interest or profit that has been added over time.
Fair Value
The price that would be received for selling an asset or paying off a liability, often the market price for an equity or debt security.
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