Examlex
What does the symbol H0 represent?
Compounded Semi-annually
Interest calculation method where interest is added to the principal sum of a loan or deposit twice a year, resulting in interest earning interest.
Amortization Schedule
An amortization schedule is a table detailing each periodic payment on an amortizing loan, including amounts going towards principal and interest over the life of the loan.
Total Debt Service Ratio
A financial ratio that compares an individual's total debt payments to their gross income, used by lenders to assess borrowing capacity.
Compounded Semi-annually
This refers to the process where interest earnings are calculated and reinvested into the principal balance twice a year.
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