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Executive Order 8802
Prepaid
Expenses paid in advance for goods or services to be received in the future.
Monthly Basis
Refers to something that occurs, is measured, or is evaluated once every month.
Compounded Monthly
This refers to the method by which interest earnings are calculated on a monthly basis, with each month's interest being added to the principal for the calculation of the next month's interest.
Loan Rate
The interest rate applied to the amount of money borrowed from a lender, typically expressed as an annual percentage rate (APR).
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