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Classification and taxonomy provide information and contribute to each of the following endeavors, except
Payments
Amounts of money paid by one party to another, often at regular intervals, in exchange for goods or services.
Repaid
The act of paying back money that was borrowed from a person, bank, or financial institution.
Interest Rate
The ratio at which interest is applied to money loaned by a borrower from a lending party.
Compounded Semi-annually
A financial term indicating the interest on an investment is calculated and added to the principal balance twice every year, enhancing the total return over periods.
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