Examlex
If it's sweet, then she'll like it.
Annually Compounded
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, once per year.
Nominal Interest Rate
The interest rate before adjustments for inflation or other factors that affect the real value of money.
Annual Rate
The interest rate for a whole year, as opposed to a shorter period, such as monthly or quarterly.
Compounded Annually
The calculation of interest on the original principal and the accumulated interest of prior periods, applied once per year.
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