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Preparing Link Charts Is a Way to Represent the Associations

question 57

True/False

Preparing link charts is a way to represent the associations, linkages, and other important relationship graphically.

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Definitions:

Compounded Monthly

Determining interest on a monthly schedule by including both the initial principal and previously earned interest in the calculation.

Mortgage

A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.

Loan Balance

The amount of money that remains to be paid back on a loan at any given time, excluding future interest.

Compounded Semi-Annually

The process where interest is calculated and added to the principal sum of an investment or loan twice a year.

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