Instructions: Identify the Following

question 85

Essay

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.
Arctic National Wildlife Refuge

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Definitions:

Perpetuity

An annuity that pays a constant sum to an individual indefinitely, often used as a theoretical model in finance.

Semi-annually

A term used to describe something that occurs or is done twice a year.

Compounded

The process by which an investment earns interest on both the original principal and the accumulated interest from previous periods.

Compounded Monthly

A method of calculating interest where the interest earned is added to the principal amount at the end of each month, so that the interest for the next month is calculated on the new total.