Examlex
If you are asked to review a presentation, which of the following is the best way to ask the creator of the presentation a question?
Simple Interest
Interest determined purely on the original amount borrowed, or on the unpaid portion of that initial amount.
Special Account
An account designated for a particular purpose or offering special conditions or privileges.
Compounded Monthly
A method of calculating interest where the interest earned each month is added to the principal, so the investment grows at an increasing rate.
Compounded Annually
A method of calculating interest in which the accumulated interest is added to the principal at the end of each year, with future interest then calculated on the new total.
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