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Graph the ellipse.
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Compounded Monthly
An approach to interest calculation conducted every month, including both the initially loaned or deposited sum and the cumulatively gained interest from former periods.
Compound Increase
The growth of an amount where the increase over time accumulates on itself because the base amount changes due to additions made in previous periods.
Compounded Annually
The calculation and addition of interest to the principal once a year.
Nominal Rate
The interest rate before adjustment for inflation, not reflecting the real cost of borrowing or the real return on an investment.
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