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Loan Amount
The total sum of money borrowed in a loan, which the borrower agrees to pay back along with interest.
Quarterly
Occurring every three months or four times a year, often used in financial reporting or billing cycles.
Compounded Semi-Annually
A method where interest is calculated and added to the principal balance twice a year.
Mortgage Loan
A loan used to purchase real estate, with the property itself serving as collateral for the loan.
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