Examlex
Many database programs perform which of the following in order to analyze entered data to help ensure that it is correct?
Compounded Annually
The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.
Interest Rate
The percentage of the principal that is paid as a fee over a certain period of time for the use of borrowed money.
Compounded Semiannually
The process of applying interest to an initial sum plus any previously earned interest, calculated twice a year.
Interest Rate
The percentage of the principal amount charged by a lender to a borrower for the use of assets, typically expressed on an annual basis.
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