Examlex
Using a file server to exchange documents is superior to using Google Drive.
Miserly Friend
Refers to a person who is exceedingly frugal to the point of being stingy or tightfisted with money.
Interest Per Month
The amount of interest charged or earned on an account or loan, calculated on a monthly basis.
Borrowing
The act of obtaining funds from another party with the promise to repay the principal amount along with interest.
Compounded Annually
When interest is compounded annually, it means the interest earned on an investment is added to the principal at the end of each year, with future interest calculations based on the new total.
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