Examlex
Dan has an educational background in computer engineering. He works for IBM by assisting major customers with understanding how to install, use, and troubleshoot their networked computer systems. Dan would be best classified as a(n)
Loan
Money borrowed that is expected to be paid back with interest.
Compounded Annually
The calculation of interest on the principal sum of a deposit or loan, where the interest is added once per year.
Compounded Monthly
An interest calculation method where the interest earned is added to the principal every month, thus earning interest on interest from the preceding month.
Withdraw
To remove funds from an account, or to take back or remove an offer, statement, or participation.
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