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What is the median for the following amounts: $13,400;$17,560;$45,440;$68,550;$96,400?
Nominal Rate
The interest rate stated on a loan or investment agreement, not accounting for inflation or compounding effects.
Semi-Annual Payments
Payments made twice a year, often used in the context of loan repayments or bond interest payments.
Nominal Rate
The stated interest rate of an investment or loan, which does not account for compounding or inflation effects.
Monthly Compounded
A method where interest adds to the principal sum at the end of each month, allowing for the interest in the next month to be based on the new total.
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