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A government run by a central ruling party with a self-appointed leader is called a(n)
Extra Payments
Payments made on a loan that exceed the minimum required payment, often used to reduce the loan balance more quickly.
Compounded Monthly
A method of calculating interest in which the accrued interest is added to the principal sum every month, so that each subsequent interest calculation is based on a slightly higher amount.
Lifetime Interest
The total amount of interest that will be paid or earned over the entire life of a loan or investment.
Loan
A quantity of money that is lent and is supposed to be repaid along with an additional amount as interest.
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