COMPOUND INTEREST PRINCIPLE Definition

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COMPOUND INTEREST PRINCIPLE is where the interest is computed on principal plus interest earned in previous periods.

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GOLD PC is a mortgage pool program offered by the Federal Home Loan Mortgage Corporation (FHLMC) that reduces the delay in payments from 45 days to 15 days and broadens its guarantee to include the timely payment of principal.

ADJUSTMENTS TO INCOME are all tax code allowable increases/(deductions) to income that are not already accounted for.

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