Examlex
In the figure above, which field is being grouped?
Compounded Semi-annually
A method of calculating interest where the interest is added to the principal amount twice a year and then interest is subsequently earned on the new principal.
Amortization Period
The total length of time over which an individual loan or debt is scheduled to be paid off.
Compounded Semi-annually
Compounded semi-annually refers to the calculation of interest where the principal amount is credited with interest twice a year.
Amortization Period
The total time period over which a loan or mortgage is scheduled to be paid off through regular payments.
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