Examlex
ECNs offer the advantages of automation, lower costs, and anonymity to its members.
Compounded Quarterly
The method of calculating interest where the accumulated interest is added to the principal amount after each quarter.
Future Value
The worth of a current asset on a certain future date, calculated by presuming a specific growth rate over a period.
Deposit Today
An amount of money placed into a financial account or investment at the present time.
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