Examlex
A process of prison and jail administration in which correctional officers are in continuous physical contact with inmates during the day is __________________________________.
Monthly Compounded
Pertains to interest or any financial metric that is calculated and added to the principal balance every month.
Nominal Rate
The stated interest rate of a bond or loan, not accounting for compounding or inflation effects.
Annually Compounded
An investment or interest calculation method where the interest earned over the year is added to the principal at year-end, affecting the amount earned the following year.
Nominal Rate
The nominal rate refers to the interest rate stated on a loan or investment agreement before adjusting for inflation or other factors.
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