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Map Exercise 22-1
Refer to Map Exercise 22-1 Mark each of the following territories acquired by the United States between 1865 and 1914, and indicate the date on which the United States acquired each territory:
Alaska
American Samoa
Guam
Hawai'i
Midway Island
Panama Canal Zone
Philippine Islands
Puerto Rico
Wake Island
Compounded Annually
Interest on a loan or investment is calculated once a year, with each year’s interest added to the principal for the subsequent year’s interest calculation.
Compounded Annually
The process of earning interest on an investment where the accrued interest is added to the principal sum once per year.
Nominal Rate
The nominal rate is the interest rate stated on a loan or investment agreement, not accounting for inflation or other factors that affect the real rate of return.
Compound Annual Rate
The rate at which an investment grows annually when interest is reinvested to earn additional interest.
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