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Explain the functions of the development group within a firm's IS department.
Interest
The cost of borrowing money, typically expressed as a percentage of the principal, paid to the lender over a period of time.
Cash Investment
A financial contribution made in the form of cash, often to purchase securities, assets, or fund business operations.
Salary Allowances
Payments in addition to the basic salary, intended to cover specific expenses or compensate for particular conditions of employment.
Net Income
The total earnings of a company after subtracting all expenses, taxes, and losses from total revenue.
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