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Phi is based on an inferential statistic; that statistics is
Loan
A borrowed amount of money that should be returned along with an additional interest payment.
Nominal Interest Rate
The stated annual interest rate on which the compound-interest calculation is based.
Annually Compounded
Interest on an investment that is calculated once a year on both the initial principal and the accumulated interest from previous periods.
Nominal Rate
The annual interest rate not adjusted for inflation or the compounding of interest.
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