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A very popular book that discusses common grammatical errors is called "Eats,shoots and leaves." This book title is humorous because the __________ ambiguity allows for two possible interpretations of the thought: (1) a person had a meal,pulled out and fired a gun,and then exited,or (2) an animal consumes both shoots and leaves as part of its diet.
Compounded Interest
Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
Effective Annual Rate
The real interest rate on an investment or loan, taking into account the effect of compounding interest as opposed to just the nominal or stated rate.
Compounded Monthly
Interest on a loan or investment calculated monthly on both the initial principal and the accumulated interest from previous periods.
Monthly Deposits
Regular monetary contributions made into a savings or investment account over a monthly interval.
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