Examlex
Explain bonuses in the context of variable pay.
Compound Interest
Interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.
Rates of Return
Financial returns or setbacks on an investment throughout a chosen timeframe, indicated as a percentage of the investment's original expenditure.
Future Value
The value of an existing asset at a future date based on an assumed rate of growth over time.
Compounded Annually
This term refers to the process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, with the effects of compounding happening once per year.
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