Examlex
According to your textbook, a speaking outline
Compounded Quarterly
A method in which interest is added to the principal sum of a deposit or loan every three months, leading to interest on interest.
Compounded Monthly
Interest on an investment or loan that is calculated and added to the principal balance once a month, leading to faster growth.
Semi-Annually Compounded
A rephrasing of "compounded semi-annually," where interest is calculated twice a year on the initial principal and previously accumulated interest.
Nominal Rate
The interest rate stated on a financial product or agreement without adjusting for inflation or compounding interest effects.
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