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A classic children's game involves placing a set of objects on a table under a cloth. The cloth is lifted very briefly. After the cloth is replaced, the child then tries to remember as many of the objects as possible. Eleazar (IQ 132) , Sean (110) , Suzanne (112) , and Diem (125) are playing. In what order (from high to low) should the children score in this game?
Interest Rate
The interest percentage applied on the sum of money borrowed by an individual from a financial lender.
Pay Off
A financial term describing the complete repayment of a loan or debt along with any interest owed.
Simple Interest Rate
Interest calculated only on the principal amount, not on the interest earned in previous periods.
Term Of Loan
The duration scheduled for the repayment of the loan.
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