Examlex
The cross-price elasticity of demand of substitute goods is:
Compounded Monthly
The process of adding interest to the principal sum of a loan or deposit, where the amount of the interest is calculated monthly and then added to the sum, causing interest on interest.
Compounded Semi-Annually
The process of applying interest to an initial amount and to the accumulated interest over two periods within a year.
EAR
Effective Annual Rate, which measures the real return on an investment or the real interest rate on a loan, accounting for the effect of compounding.
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