Examlex
What is franchising? What does a franchisor offer its franchisees to get the franchisees off to a good start?
Compounded Monthly
Interest calculation method where the interest earned each month is added to the principal, affecting future interest calculations.
Loan
A sum of money borrowed that is expected to be paid back with interest.
Compounded Annually
Interest on an investment is calculated once a year and added to the principle, increasing the amount the interest is calculated on the following year.
Scholarships
Financial aid awards given to students to support their education, typically based on academic achievement, talent, or other criteria.
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