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Name one advantage and one disadvantage of using tapes for backup media.
Interest Rates
The amount charged by lenders as a percentage of the principal, as the cost for borrowing money.
Compounded Quarterly
A method of calculating interest where the accrued interest is added to the principal sum four times a year, affecting future interest calculations.
Saving Account
A savings account in a banking institution that guarantees the safety of the deposited money while offering a low interest rate.
Annual Interest Rate
The percentage of interest that will be charged or earned on an amount of money over the span of a year.
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