Examlex
In a cybernetic model a single engine drives a complex machine.
Payments
The transfer of money or goods in exchange for products, services, or to fulfill a legal obligation.
Principal
The amount of money originally invested or loaned, on which basis interest and returns are calculated.
Effective Annual Rate
The interest rate on an investment or loan that considers the effects of compounding over a one-year period.
Interest
The cost of borrowing money, typically expressed as a percentage of the principal, to be paid over a specified period.
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