Examlex
Which of the following statements is true?
Compounded Annually
Describes how interest on an investment or loan is calculated once a year, with each year's interest based on the principal plus any previously earned interest.
Return
The gain or loss on an investment over a specified period, expressed as a percentage increase over the original investment cost.
Invest
Allocating resources, usually financial, with the expectation of generating an income or profit.
Annual Interest
The amount of interest earned or paid over one year, expressed as a percentage of the principal.
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