Examlex
Explain in detail at least three disadvantages of using computers.
Annuity
A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.
Annually Compounded
The process where interest is calculated on both the initial principal and the accumulated interest over the year.
Fair Market Value
A price established by competitive bidding among many buyers and sellers.
Compounded Monthly
Refers to the calculation of interest where the amount earned or paid is added to the principal balance each month, causing future interest calculations to be based on the increased balance.
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