Examlex
In backtesting,computers are used to examine the composition and returns of portfolios based on historical data in order to determine if the investment strategy would have worked in the past.
Saving Account
A type of bank account where money is deposited to earn interest over time.
Decimal Places
The tally of numbers present right of the decimal point in a given number.
Annual Interest Rate
The percentage rate charged or paid over a period of one year for a loan or investment.
Compounds Interest Continuously
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, assumed to be compounded infinitely often per period.
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