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Match Each Item with the Correct Statement Below

question 62

Multiple Choice

Match each item with the correct statement below.
-Science that helps us know if a drug will be effective or possibly toxic based on genetics


Definitions:

Compounded Quarterly

Interest calculation method where interest is added to the principal sum at the end of every quarter, thus earning interest on interest.

Compounded Nominal

Refers to the calculation of interest added to the principal amount of a deposit or loan based on both the initial principal and the accumulated interest from previous periods.

Triple

To increase or become three times as much in size, number, or amount.

Compounded Semiannually

A different way to describe the process of applying interest to a principal balance twice a year, allowing interest to be earned on previously accrued interest.

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