Examlex
In an automated environment,as the number of factory jobs declines,________ jobs increase and play a more important role in the economy.
Amortization Period
The total length of time over which equal regular payments will repay a loan.
Equal Payments
Regular payments of the same amount over the term of a loan or mortgage.
Compounded Semi-Annually
The process wherein the interest earned on an investment is added to the principal balance twice a year, resulting in compound growth.
Reduction of the Principal
The process of paying down the initial amount borrowed in a loan, not including interest payments.
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