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Effective Rate
The actual rate of interest earned or paid on an investment or loan, taking into account compounding.
Semi-annual Payments
Payments that are made twice a year, typically in the context of loan repayments or income distributions.
Semi-annually Compounded
Relating to the process in which the interest on a loan or investment is calculated and added to the principal amount twice a year.
Effective Annual Rate
A measure of the true interest rate accounting for the effects of compounding over a year.
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