Examlex
For Locke, "innate principles or ideas" allow our minds to interact with physical objects.
Savings Account
A deposit account held at a financial institution that provides principal security and interest earnings.
Rate of Return
An indicator of the profit or loss on an investment, shown as a percentage of the investment's original value, for a defined timeframe.
Initial Deposit
The first amount of money placed into an account or investment.
Compounded Monthly
Compounded monthly refers to the process of adding interest to a principal sum not just once, but on a monthly basis, leading to an increase in the amount of interest earned over time due to the compound effect.
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