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In a two-factor design,there are two separate main effects.
Balloon Loan
A type of loan that typically requires small periodic payments and a large lump sum payment at the end of the loan term.
Amortized Loan
A loan with scheduled periodic payments that include both principal and interest.
Annuities
Financial products that provide a series of payments over time, often used for retirement income.
Annuity Payment
This refers to the regular disbursement from an annuity investment, typically made on a monthly, quarterly, or yearly basis.
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