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If one does not anticipate change and adapt to it, one's firm will not thrive in a competitive business world.
Compounded Monthly
A method of calculating interest in which the accrued interest is added to the principal sum at the end of each month, thus interest in the next month is earned on the new sum.
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Regular payments made towards paying off the principal and interest on a loan.
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Official documents that outline the terms, conditions, and agreements of a loan between a borrower and a lender.
Lump-sum Payment
A lump-sum payment is a single payment made at a particular time, as opposed to multiple payments over time.
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