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Figure 2-4
-In Figure 2-4 shown above,SBUs found in quadrant D would be called
Simple Interest
Interest calculated only on the principal amount, or on that portion of the principal amount that remains unpaid, not including interest on interest.
Rate of Interest
The percentage of principal charged by the lender for the use of its money.
Future Value
The value of an investment at a specific future date, based on its current value and anticipated growth rate.
Future Value
The value of an investment at a specific date in the future, taking into account factors like interest rates or returns.
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