Examlex
Which of the following is NOT a benefit to society from training and development?
Annual Percentage Rate
The yearly interest percentage rate that expresses the total cost of borrowing, including fees and charges.
Compounded
The process by which an investment grows over time as earnings are reinvested to generate additional earnings, known as compound interest.
Interest Payment
The amount paid by a borrower to a lender as compensation for the use of borrowed money, often expressed as a percentage of the principal.
Interest Rate
The lending charge, expressed as a fraction of the original amount, that a borrower is assessed by a lender for asset use.
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