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Ben moved a chart to a chart sheet, but now the axis labels are too small.What can he do to make them easier to read?
Effective Annual Rates
The effective annual rate (EAR) is the actual interest rate that an investment earns due to compounding over a given period, usually one year.
Nominal Rate
The interest rate before adjustments for inflation, representing the face value of financial products.
Compounded Monthly
A method of calculating interest where the accrued interest is added to the principal sum at the end of each month, leading to "interest on interest."
Present Value
Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.
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