Examlex
Instructions: Identify the following term(s).
Triangular Trade
Nominal Rate
The stated interest rate of an investment or loan, not accounting for compounding or inflation effects.
Annual Rate
The interest rate for a period of one year, often used to compare the yearly interest between financial products without compounding.
Appreciated
Refers to an increase in the value of an asset over time.
Compounded Semiannually
Interest calculated twice per year, with the first period's interest being added to the principal before the second period's interest is calculated.
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