Examlex
As discussed in the In Focus box on neurodiversity, Dawson's study using the Raven's Progressive Matrices test and Wechsler's intelligence test (WISC), showed that on average,autistic children scored fully thirty percentile points higher onthe Raven's test than they did on Wechsler's intelligence test.
Annuity Due
An annuity with payments occurring at the beginning of each period.
Amortized Mortgage
A type of loan where the principal and interest are paid down through fixed monthly payments over the loan's term, leading to a fully paid-off mortgage.
Nominal Interest Rate
The interest rate stated on a loan or financial product, not accounting for inflation or fees that affect actual interest earned or paid.
Compounded Annually
The process wherein the interest earned on an investment is added to the principal at the end of each year, with future interest calculated on the new total.
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