Examlex
What do utilitarianism, deontology, and virtue ethics have in common?
Annual Interest Rate
The percentage increase in money owed or invested over a year, accounting for the cost of borrowing or the gain on savings.
Compounded
In finance, refers to a method where interest earned is added to the principal, so that, from that moment on, the interest that has been added also earns interest.
Exponential Rate
The rate at which something grows or decays, characterized by a constant ratio over equal increments of time.
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