During the 20^th Century, the Funding and Operation of Most

question 29

True/False

During the 20^th century, the funding and operation of most American prisons has primarily been the responsibility of the private sector.

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Definitions:

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, thereby increasing the amount upon which future interest is calculated.

Compounded Quarterly

Interest calculation where the interest is added to the principal four times a year, allowing future interest to be earned on the prior periods' interest.

Outstanding Balance

The amount of money owed that has not yet been paid back.

Compounded Semi-Annually

Interest calculation method where the accrued interest is added to the principal sum twice a year, leading to an increase in future interest amounts.