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Quarterly Compounded
Interest on an investment or loan that is calculated and added to the principal balance four times a year.
Nominal Rate
The advertised or stated interest rate on a loan or investment, not accounting for compounding or inflation.
Compounded Monthly
A method of calculating interest where accrued interest is added to the principal sum of a loan or deposit each month.
Periodic Rate
The interest rate for a specific period, often rephrased as the interest rate applicable over regular intervals such as monthly or quarterly.
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