Examlex
Which of the following sentences is grammatically correct?
Savings Account
A deposit account held at a financial institution that provides principal security and a modest interest rate.
Semiannual Payments
Payments made twice a year, often used in the context of bond interest payments or certain types of loans.
Compounded Semiannually
Interest calculation method where interest is added to the principal sum of a deposit or loan twice a year, resulting in interest earning interest.
Compounded Annually
A method of calculating interest where the interest earned each year is added to the principal, leading to an increase in the amount of interest earned in subsequent years.
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