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Suppose that the government goes into deficit in order to help local school districts build better schools. Does this burden future generations?
Compounded Semi-annually
A method of calculating interest where the earned interest is added to the principal every six months, allowing interest to be earned on the previously earned interest.
Lump Payment
A single, large payment made at once, instead of breaking it into smaller installments.
Amortization Period
The length of time over which the principal amount of a loan, mortgage, or other debt is scheduled to be paid off.
Amortization Period
The length of time it takes to pay off a loan or mortgage in full with regular payments that cover both principal and interest.
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