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In addition to being a experiential exercise,arts and crafts exercises can serve as a projective technique by which members get more in touch with their feelings.
Effective Interest Rate
The real rate of interest earned or paid on an investment, loan, or other financial product, accounting for the effects of compounding.
Bank Discounts
An interest deduction from the face value of a note, payable by the borrower at the time a loan is issued.
Reversing Entry
An accounting method used to reverse the impact of certain journal entries made in the previous accounting period for the sake of simplicity in future record keeping.
Interest Accrued
The accumulated interest on a loan or bond that has not yet been paid to the lender.
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