Examlex
Which is most appropriate for a professional interview?
Amortize
To amortize is to gradually reduce or write off the cost or value of an intangible asset through systematic charges to income over its estimated useful life.
Compounded Monthly
A method of calculating interest where the interest earned or paid is added to the principal so that the next interest calculation includes prior interest.
End of Year Annuity
A series of equal payments made at the end of consecutive periods over a fixed length of time.
Opportunity Cost
The potential benefits missed out on when choosing one alternative over another.
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