Examlex
Match each of the following terms with its corresponding definition.
-Changing over from the old information system to a new one by turning off the old system when the new one is turned on
Interest
Payment made for the use of borrowed money, calculated as a percentage of the principal sum.
Simple Interest
Interest calculated only on the initial amount of money (principal), not on the interest accrued over time.
Investment
Allocation of resources, such as time, money, or effort, in hope of generating a future benefit or return.
Interest Rate
The interest percentage applied on the sum of money borrowed by an individual from a financial lender.
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