Examlex
One of the factors that accelerated the development of the Internet during the 1990s was:
Compounded Annually
Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on an annual basis.
Lump Sum Payment
A single payment made at a particular time, as opposed to several smaller payments or installments.
Compounded Annually
A method of calculating interest where the interest earned over a period is added to the principal, and the total becomes the base for the calculation of the next period's interest.
Lump Sum Payment
A payment made in a single lump sum amount, often used in the context of paying off debts or settling transactions.
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