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Automation is at the heart of the lean manufacturing philosophy.Discuss its stages and its distinguishing features.
Compounded Quarterly
Involves calculating interest on an investment or loan every three months, then adding that interest to the principal amount; thus, the interest for the next period is calculated on the principal plus previously accumulated interest.
Monthly Payment
A specified amount of money paid at regular monthly intervals, often related to loans or leases.
Car
A wheeled motor vehicle used for transportation, typically designed to seat one to eight people.
Compounded Quarterly
Calculation of interest on an investment or loan on a quarterly basis, leading to interest being added to the principal, which then earns additional interest.
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