Examlex
________ on a DFD have unique names.
Compounded Quarterly
A method where interest is added to the principal every three months which allows interest to be earned on the previously accumulated interest.
Scholarships
Financial support awarded to students based on academic or other achievements to help fund their education.
Trust Fund
A fund comprised of a variety of assets intended to provide benefits to an individual or organization, managed by a trustee.
Compounded Annually
Refers to the process of calculating interest on an investment or loan once per year, adding it to the principal amount.
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