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Tony and Tina can tell at birth that something is wrong with their son. Genetic tests indicate that the child has an extra chromosome in his cells and that chromosome is a sex chromosome. Which of the following does the child have?
Compounded Semiannually
The process of computing interest twice yearly and adding it to the principal sum, affecting the total amount earned or paid.
Residential Mortgage Loan
A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.
Promissory Note
A written, legally binding promise to pay a specified sum of money to a designated person at a specified date or upon demand.
Compounded Semiannually
Interest calculation method that applies the interest to the principal balance and the accumulated interest twice each year.
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