Given below is information for Xu Corporation and Yang Computers,Inc.at the end of 2012.
Definitions:
Compound Interest
Interest that accumulates on the initial amount invested and on the interest that has previously been added to that amount.
Installment Note
A debt instrument requiring the borrower to make regular payments of principal and interest over a set period until the debt is paid in full.
Interest
The cost of borrowing money or the payment received for lending money, typically expressed as an annual percentage rate.
Principal Repayment
The process of paying back the original amount borrowed from a lender, excluding interests.
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