Examlex
Explain why eight -year -old Carolina feels like she is still riding the merry -go -round, although she disembarked a few moments ago.
Interest
The cost of borrowing money, usually expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.
Rate of Return
The positive or negative change in an investment's worth within a specific period, shown as a percent of the cost of the investment.
Investment Account
A financial account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for the investor.
Compounding Effect
The method by which an investment's worth grows over time as the returns it generates, including both capital gains and interest, themselves accumulate interest.
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