Examlex
Which of the following statements is FALSE?
Compounded Semi-annually
Interest calculated on the initial principal and the interest that has been added on a bi-annual basis.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Hourly Rate
The amount of money paid or earned for each hour of work.
Equivalent
Equal in value, amount, function, meaning, etc.
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