Examlex
Select the correct descending taxonomic hierarchy (left to right) .
Compounded Annually
Interest on an investment or loan that is calculated once a year, where the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.
Equal Annual
A term often associated with the allocation of costs or payments in equal amounts over a specified number of years.
Lump Sum
A single payment made at a particular time, as opposed to a series of periodic payments.
Lump Sum Payment
A single, one-time payment made for a purchase or to settle a debt, as opposed to installments.
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