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Explain how the star-wired bus topology works. Include a description of its drawbacks and benefits.
Simple Interest
Interest assessed only on the starting principal, or on the remaining portion of the principal that is due.
Annual Rate
The interest rate for a period of one year, not accounting for compounding within that year.
Promissory Note
A financial paper embodying a vow by one individual or entity to transfer a stated sum of money to another, either on demand or on a specified forthcoming date.
Simple Interest
Interest calculated on the principal amount of a loan or investment, without compounding over time.
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