Examlex
A vehicle has a high-pitched squeal when driving: Technician A says this may indicate the brake pads need replaced.Technician B says this may be caused by excessive dust build up on the brake pads.Who is correct?
Per Month
A time frame reference indicating occurrences or measurements within a calendar month.
Effective Annual Rate
A financial metric that represents the equivalent annual interest rate taking compounding into account, thus providing a more accurate measure of interest earned or paid over a year.
Compounded Semi-Annually
Interest on an investment is calculated and added to the principal sum of the investment two times a year.
Effective Annual Rate
The real return on an investment after accounting for compounding interest over a year, often differing from the stated nominal rate.
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