Examlex
Match the concept, term, or theory with its correct response or definition.
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Monthly
Occurring, produced, or done every month.
Semi-Annually Compounded
Interest calculation method where the interest is added to the principal on a half-yearly basis.
Nominal Rate
The stated interest rate of a bond or loan, not accounting for inflation or compounding effects, also known as the annual percentage rate (APR).
Compounded Monthly
An interest calculation method where interest earned is added to the principal each month, affecting subsequent interest calculations.
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