Examlex
Which of the following statements about ozone is false?
Compounded Semi-annually
An interest calculation method where interest is added to the principal balance of an investment or loan twice a year, resulting in interest on interest.
Amortization Schedule
A detailed table showing the periodic payments on a loan, with each payment allocated between interest and principal repayment.
Gross Debt Service Ratio
A financial ratio that compares an individual's total monthly debt payments to their gross monthly income.
Amortized
The process of paying off a debt with a fixed repayment schedule in regular installments over a period of time.
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