Examlex
Which of the following statements is factually correct?
Loan
A sum of money that is borrowed, typically from a financial institution, and is expected to be paid back with interest.
Months
Units of time, each approximately 30 days long, used to measure durations and periods in a year.
Investment
Channeling funds into ventures with the expectancy of generating income or profit.
Interest
Interest is the cost of using someone else's money or the income earned from lending money, calculated as a percentage of the principal amount.
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