Examlex
When President Obama took office,he had about the same number of political jobs to fill as President Kennedy.
Deposit
The act of placing funds into a bank account or a sum of money that is held in custody for future transactions.
Simple Interest
The calculation of interest paid only on the original amount of money invested, not on the interest it has already earned.
Compounded Annually
Describes the process by which an investment's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time.
Interest Rate
Interest rate is the percentage of principal charged by the lender for the use of its money or the return earned on deposited funds.
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