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Briefly describe the IEEE 802.3af standard. Use an analogy and explain why it is useful.
Years
A measure of time consisting of 365 days, or 366 in a leap year, used to calculate duration in various financial and scientific contexts.
Compounded Monthly
A method of calculating interest in which the accrued interest is added to the principal sum at the end of each month, thus interest in the next month is earned on the new sum.
Loan Payments
Regular payments made towards paying off the principal and interest on a loan.
Loan Papers
Official documents that outline the terms, conditions, and agreements of a loan between a borrower and a lender.
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