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La Regla de Ocha in Cuba is also called
Compound Interest
Interest that is computed on both the initial principal amount and the interest that has been added to that principal from past periods of a deposit or loan.
Annual Rate
The interest rate for a period of one year, often used to compare the annual interest between different investments or loans.
Equal Annual Amounts
A term generally used in loan repayments or amortization schedules where payments are made in consistent amounts over the term of the loan.
Compounded Annually
A method of calculating interest where the calculated interest is added to the principal at the end of each year, subsequently affecting the calculation for the following year.
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