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When systems are created rapidly, without a formal development methodology:
Total Interest
The overall amount of interest paid on a loan or earned on an investment over a specific period.
Compounded Quarterly
A compound interest calculation where interest is added to the principal every three months.
Quarterly Payments
Payments that are made four times a year at three-month intervals.
Final Payment
The last installment paid to settle a debt, which may include principal and interest.
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