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In the airline industry,an example of output is:
Compounded Semi-annually
Interest calculation method where interest is added to the principal twice a year, increasing subsequent interest calculations.
Loan Payment
The amount of money required to be paid back periodically (usually monthly) on a loan, including both principal and interest.
Compounded Semi-annually
Refers to the process of calculating interest on an investment or loan twice a year.
Compounded Monthly
Interest calculation method where interest is added to the principal balance each month, influencing the next month's interest.
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