Examlex
Columns that are too narrow or too wide for the material they contain can make a table easier to read.
Compound Annual Rate
The rate at which a sum of money would grow if it were compounded once per year.
Mining Town
A community developed to house miners and is located near mining operations.
Effective Rate
The total calculated interest on a loan or investment annually, including compounding, differing from the nominal interest rate.
Effective Annualized Rate
The interest rate that is annualized using compounding over a given period, providing a true reflection of the financial cost.
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