Examlex
A foreign exchange rate is the price of one currency expressed in terms of another currency (or gold)
Compound Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Semiannual Interest
Interest that is paid or calculated twice a year, often used in bond payments.
Compounded Annually
This term describes interest on an investment that is calculated once a year, where the interest added also earns interest in subsequent years.
Withdrawals
Money taken out from a business by its owners for personal use.
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