Examlex
In a study of happiness, 100 people rate their level of happiness on a 1-to-10 scale. What kind of variable is this?
Effective Annual Rate
The interest rate that is adjusted for compounding over a yearly period.
Per Month
A term used to describe an action or event that occurs once every month.
Quarterly Compounding
A financial process where interest is added to the principal sum of a deposit or loan at the end of each quarter, resulting in the interest bearing interest.
Effective Annual Rate
The annual return on an investment or loan taking compounding into account, expressed as a percentage.
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