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10 cards from this deck
Fixed % of principal, remains constant over time
Flat interest
Initial amount borrowed or invested
I=PrnI = PrnI=Prn
A=P+IA = P + IA=P+I
Divide by 100 (e.g., 9% = 0.09)
112\frac{1}{12}121 year
26
Total to be paid ÷ number of repayments
Straight line
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