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Federal judges receive lifetime appointments and can be removed from office by impeachment only.
Effective Rate
The actual interest rate on a loan or investment, taking into account the compounding of interest, as opposed to the nominal rate.
Ordinary Annuity
Homogeneous financial installments disbursed at the cessation of individual periods across a confirmed timeline.
Nominal Interest
The interest rate stated on a loan or investment agreement before any adjustments for compounding or inflation.
Effective Rate
Another term for the effective interest rate, emphasizing its real cost or yield accounting for compounding and other factors.
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