Pay Grades Allow Precise Matching of Pay for Individual Jobs

question 3

True/False

Pay grades allow precise matching of pay for individual jobs to market rates and an organization's job structure.

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Definitions:

Simple Interest

Simple interest is interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.

Present Value

The present value of a sum of money or series of cash flows expected in the future, discounted at a certain rate of return.

Amortized Loan

A loan repaid in equal periodic amounts (or “killed off” over time).

Repayment Of Principal

The process of paying back the original amount borrowed in a loan, excluding any interest charges.