Examlex
Which of the following are deductions from gross pay?
Please select all that apply.
Compounded Annually
A method where interest is added to the principal sum at the end of each year, compounding the amount for the next period.
Semi-Annually
Occurring twice a year or every six months, often used in the context of payments or interest calculations.
Ordinary Annuity
A series of equal payments made at regular intervals, with the interest compounding at the end of each period.
Present Value
The current value of an anticipated future sum of money or cash flow series, considering a certain rate of return.
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