Examlex
What are the two different types of costs a company incurs? Explain with examples.
Compound Interest
Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Future Value
The value of an investment or loan at a specific future date, considering interest or return earned over time.
Compound Interest
Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
Future Value
The estimated value of an investment at a specific date in the future, considering interest or growth over time.
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