Examlex
Match the items with the correct description below.
-Strongest phase
After taxes
Refers to the net income after all tax expenses have been deducted.
Compounded Monthly
A method of calculating interest whereby the accumulated interest is added back to the principal sum, and future interest is calculated on the new total each month.
Student Loans
Borrowed money that is used to pay for higher education expenses, which must be repaid with interest.
Compounded Monthly
A method where interest earnings are calculated and added to the principal sum each month, leading to increased interest in the next period.
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