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The continental shelf:
Simple Interest Rate
The percentage of the principal amount that is paid as interest for a specific period.
Equal Payments
Regular payments of the same amount made over a specified period, often used in loans and annuities.
Loan Repaid
The process of paying back borrowed money to the lender, typically including both the original principal amount and accrued interest.
Simple Annual Rate
The interest rate without compounding, indicating the flat yearly cost of borrowing or the annual rate of interest paid on an investment.
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