Examlex
Define cost of quality (COQ), list the four categories, and provide an example of each.
Simple Interest Rate
The percentage of an amount of money which is paid as interest for a certain period of time, without compounding.
Investment
Allocation of resources, usually money, in expectation of a future return or profit.
Interest
The cost of borrowing money or the return on investment, typically expressed as a percentage.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money, or what a lender earns on an investment, over a specific period.
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