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You Are Trying to Get Your Roommate to Keep Things

question 133

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You are trying to get your roommate to keep things neater, so you leave a nice note after she makes any attempt to pick things up. After a while, you only leave a note after the dirty dishes are stacked, then only when they are brought to the kitchen, and finally only when she puts them in the dishwasher. This is an example of:


Definitions:

Compounded

In finance, referring to the process where interest is calculated on the initial principal and also on the accumulated interest from previous periods.

Stated Interest

The annual interest rate declared on a financial instrument, such as a loan or bond, not accounting for compounding or fees.

Pure Discount Loan

A loan where the borrower receives an amount less than the principal value and repays the principal amount at maturity with no additional interest.

Single Lump Sum

A one-time payment of money, opposed to a series of payments made over time. This term is often used in finance for describing investments or payouts.

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