Examlex
Which of the following is not a business product?
Semi-annually
Occurring twice a year, or every six months.
Compounded
The method of calculating interest where the accumulated interest is added back to the principal sum, so that interest in the next period is then earned on the principal plus previously accumulated interest.
Principal
The original amount of money invested or loaned, before interest.
Compounded
The process of calculating interest on both the initial principal and the accumulated interest from previous periods.
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