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The first step in the instructional design process is:
Maturity Value
The amount to be paid to the holder of a financial instrument at its maturity date.
Note Receivable
A written promise that one party will receive a specified sum of money from another party at a future date.
Interest Rate
The percentage of a sum of money charged for its use, often expressed as an annual percentage.
Note Duration
The length of time until a note payable or receivable is due to be paid or received.
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