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A large pump can fill a 78,000 gallon reservoir in 8 hours. Working together, the large pump and a smaller one can fill the reservoir in 6 hours. How long would it take the smaller pump to fill the reservoir by itself?
Compounded Quarterly
Interest calculation method where the interest is added to the principal every three months or four times a year.
Amortization Period
The total time period over which a loan or a mortgage is scheduled to be paid off through regular payments that cover both principal and interest.
Compounded Semi-annually
A method of calculating interest where the interest amount is added to the principal amount twice a year, leading to compound growth.
Amortization Period
The length of time it takes to fully pay off a debt with regular payments that cover both principal and interest.
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