Discuss the Primary and Secondary Effects of the 2011 Tsunami

question 33

Essay

Discuss the primary and secondary effects of the 2011 tsunami in Japan,and describe the estimated recovery times for both these effects.

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Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.

Payments

Money transferred by one party to another in exchange for goods, services, or to fulfill any other financial obligation.

Monthly Compounding

The process where interest on an investment or loan is calculated and added to the principal sum every month.

Payments

Money transferred from one party to another in exchange for goods, services, or to fulfill a contractual obligation.