Examlex
Multiply using the rule for the product of the sum and difference of two terms. Assume any variable exponents represent whole numbers.
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Compounded Monthly
The process of adding interest to the principal sum of a loan or deposit, where the interest is calculated on a monthly basis.
Early Withdrawal Penalty
A charge applied for taking money out of a financial account or investment before a set date or term has ended.
Spreadsheet
A digital document that uses rows and columns to organize data, calculations, and information, commonly used in accounting and financial analysis.
Multiplier
A factor used in economics to quantify the effect of investment spending on the aggregate income or output of an economy.
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