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FedEx and UPS are converting their delivery trucks with standard diesel engines to more fuel-efficient and cleaner hybrid-electric vehicles, which can cut fuel costs by half and lower fuel emissions by 90 percent. This is an example of
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.
Payments
Money transferred by one party to another in exchange for goods, services, or to fulfill any other financial obligation.
Monthly Compounding
The process where interest on an investment or loan is calculated and added to the principal sum every month.
Payments
Money transferred from one party to another in exchange for goods, services, or to fulfill a contractual obligation.
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