Examlex
Hu, Ericsson, Yang, and Lu (2009) reported that mnemonist Chao Lu's ability to recite so many digits of pi was based primarily on which type of strategy?
Equal Payments
Regular payments of the same amount, typically used in the context of loans or amortization schedules.
Present Value Factor
A multiplier used in calculating the present value of a future amount of money or stream of cash flows given a specific discount rate.
Compounded Semiannually
A method of calculating interest where the interest is added to the principal amount twice a year, leading to interest earning interest over time.
Compounded Annually
A method of calculating interest where the interest is added to the principal sum each year, thus each subsequent interest calculation is made on an increased principal.
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