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What is a potential problem with establishing a category captain?
Semi-monthly Payments
Payments that are made twice a month, often on the 1st and 15th, typically in the context of salaries or loans.
Loan to Value Ratio
A financial term used by lenders to express the ratio of a loan to the value of an asset purchased.
Amortized
Relates to spreading payments over multiple periods to gradually eliminate a liability or loan, incorporating both principal and interest components.
Compounded Semiannually
The calculation of interest where the interest earned over a period is added to the principal, and the process is repeated twice a year.
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