Examlex
Samantha is getting married.She is currently evaluating six different catering companies to cater the reception. What concept helps best explain Samantha's consideration set?
Compounded Annually
Interest calculation method where the interest is calculated on the initial principal, which also includes all the accumulated interest from the previous periods on a loan or deposit.
Principal
The original sum of money borrowed in a loan, or the amount of the investment, excluding any interest or growth.
Present Value
The present value of an anticipated sum of money or series of cash flows, considering a certain return rate.
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