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Heather has recently been hired to teach two courses at a community college. The position is only for the semester, but she hopes to be hired on a permanent basis. The chair of her department, the man who hired her, frequently makes jokes about how attractive she is, and about how inappropriate it would be for him to ask her out on a date. What is the name given to this kind of unwanted behaviour?
Semi-Annually Compounded
A rephrasing of "compounded semi-annually," where interest is calculated twice a year on the initial principal and previously accumulated interest.
Nominal Rate
The interest rate stated on a financial product or agreement without adjusting for inflation or compounding interest effects.
Compounded Quarterly
The process of calculating interest on the initial amount and any accumulated interest every three months.
Inflation Rate
The pace at which prices for goods and services ascend overall, causing the buying power to decrease.
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