Examlex
Percy is shown a picture of a male nurse.Later,when asked to describe the occupation of the person in the picture,Percy remembers him as a doctor.Percy __________.
Demand Note
A short-term loan that must be repaid (both principal and interest) in a lump sum at maturity.
Compounding
The process where the value of an investment increases because the earnings on an investment, both capital gains and interest, earn interest as time passes.
Demand Note
A loan or debt instrument that is repayable on demand at the choice of the lender at any time.
Lump Sum
A single payment made at a particular time, as opposed to multiple payments over time.
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