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What is the single most important factor to consider when communicating with children?
Simple Interest
Interest calculated only on the principal amount, without compounding on accumulated interest.
Selling Price
The amount of money for which a product or service is sold to customers.
Revolving Line of Credit
A credit facility extended by a financial institution to a customer that allows the customer to borrow up to a certain limit, pay down the balance, and then borrow again.
Simple Interest
Interest calculation method that involves multiplying the principal amount by the interest rate and the term of the loan or investment, without compounding.
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