Examlex
Define a tree diagram and describe the steps used to complete a tree diagram.
Compounded Semi-annually
The process of calculating and adding interest to the principal sum of a loan or deposit twice a year, which increases the amount of future interest earned.
Compounded Semi-annually
Interest calculated twice a year, factoring in previously accrued interest for each calculation.
Strip Bond
An investment instrument entitling its owner to receive only the face value of a bond at maturity.
Nominal Rate
The stated interest rate of an investment or loan, not adjusted for compounding or inflation.
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