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Investment
Allocation of resources, such as time, money, or effort, in hope of generating a future benefit or return.
Interest Rate
The interest percentage applied on the sum of money borrowed by an individual from a financial lender.
Pay Off
A financial term describing the complete repayment of a loan or debt along with any interest owed.
Simple Interest Rate
Interest calculated only on the principal amount, not on the interest earned in previous periods.
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