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In the design phase,the ____ design is an overview of the system that indicates hardware and software,such as specifying Linux servers and Windows clients.
Initial Deposit
The first sum of money placed into an account to open it or start an investment.
Nominal Interest Rate
The stated interest rate on a loan or investment, not accounting for compounding or inflation effects.
Compounded Monthly
A method of calculating interest where the accumulated interest is added to the principal sum each month, leading to an increase in the amount of subsequent interest accrued.
Financing
The process of providing funds for business activities, making purchases, or investing.
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