Examlex
Congress has established thirteen judicial circuits (twelve numbered circuits plus the District of Columbia circuit), each having a court known as the Court of Appeals.
Compounding
The process of accumulating interest in an investment over time to earn more interest.
Effective Annual Rate
The annualized rate of interest on a loan or financial product, adjusted for the effects of compounding.
Continuous Compounding
A mathematical approach where interest earnings are immediately reinvested to generate additional earnings continuously.
Stated Rate
The annual interest rate stated on a financial instrument, such as a loan or bond, not adjusting for compounding or fees.
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