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Define
-dispositive motion
Compounded Continuously
The process whereby interest is calculated on an initial principal and subsequently on the accumulated interest of previous periods, assuming the compounding occurs infinitely within a given time.
Effective Annual Rate
The actual interest rate an investment, loan, or savings account will yield after accounting for compounding.
Rate
The percentage or proportion of a specific quantity or value, often used in contexts like interest rates, return rates, or growth rates.
Compounded Monthly
The process of calculating interest on an investment or loan on a monthly basis, where the accrued interest is added to the principal.
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