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Janine Was Tired of Her Winter Coat,so She Sold It

question 39

Multiple Choice

Janine was tired of her winter coat,so she sold it to her friend,Marissa.This is an example of ________ marketing.


Definitions:

Compounded Quarterly

Interest on an investment or loan is calculated four times a year, with each calculation including the interest from previous periods.

Equal Payments

Consistent payment amounts made regularly over a period, typical in loans and annuities.

Simple Interest

Interest calculated on the principal sum only, not compounding on earned interest, typically over a period of time.

Savings Account

A bank account that earns interest over time, designed for the deposit of funds not intended for immediate use.

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