Examlex
Explain the difference between potential and kinetic energy.
Compounded Annually
A method of calculating interest where the interest for the year is added to the principal sum, thus interest in the next year is on the increased sum.
Loan Amount
The total sum of money borrowed in a loan, which the borrower agrees to pay back along with interest.
Quarterly
Occurring every three months or four times a year, often used in financial reporting or billing cycles.
Compounded Semi-Annually
A method where interest is calculated and added to the principal balance twice a year.
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