Examlex
The process by which food is broken down into absorbable components is called
Compounds Interest Annually
The calculation of interest on the initial principal, which also includes all accumulated interest from previous periods on a loan or deposit, done once a year.
Checking Account
A bank account that allows for the deposit and withdrawal of funds and is typically used for day-to-day transactions.
Pays Bills Online
The process of using internet banking or payment platforms to settle invoices or bills.
Compounded Daily
Describes the method by which interest is calculated on an investment or loan with the earned interest being added to the principal daily for future interest calculations.
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