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The enacted Gramm-Rudman-Hollings Act would tend to have an
General Journal Entry
A record of financial transactions in the general journal that includes the date, accounts affected, amounts, and a brief description.
Interest Payment
The payment made by a borrower to a lender for the privilege of borrowing money, usually expressed as a percentage of the principal amount.
Present Value
The current estimated value of future money amounts or cash flow sequences, based on a specified return rate.
Annual Interest Rate
The percentage of the principal that a borrower must pay as interest over the course of one year, affecting the total cost of loans or the yield from investments.
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