Instructions: Identify the Following

question 68

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
James Buchanan

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Definitions:

Compounded Annually

A method where interest is calculated on the initial principal and also on the accumulated interest of previous periods, applied once a year.

Post-secondary Education

Education that takes place after high school, including college, university, and vocational training.

Trust Fund

A fund comprised of assets, such as stocks, bonds, property, or cash, held in a trust and managed by a trustee for the benefit of someone else.

Monthly Payments

Regular amounts paid monthly to amortize a debt or loan over a set period.