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When are skills inventories useful?
Annual Interest Rate
The percentage of interest that is charged or earned on an investment or loan over the course of a year.
Revolving Line
A credit arrangement that allows a borrower to use or withdraw funds up to a designated limit, repay them, and borrow again.
Simple Interest
A method of calculating interest where the interest charge is based only on the original principal, not on the interest which has been added over time.
Annual Rate
The interest rate for a period of one year.
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