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Describe two types of mood disorders.
Amortization Schedule
An Amortization Schedule is a table detailing each periodic payment on an amortizing loan, showing amounts paid to principal and interest.
Interest on Unpaid Balance
Interest charged on the portion of a loan or credit card balance that has not been paid off within the agreed period.
Equal Monthly Payments
Regular payments of the same amount made over a set period to repay a loan or mortgage.
Compounded Monthly
Compounded Monthly implies that interest is added to the principal sum of a deposit or loan each month and interest in the following month is then earned on the new principal sum.
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