Examlex
Which multiperson employee evaluation method allows for two or more employees to get the same rating?
Interest Payment
The payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate.
Compounded
The process of generating earnings from previous earnings, calculated by applying the earnings rate not only to the principal but also to the accumulated earnings over past periods.
Compounds Semi-Annually
Interest on an investment or loan is calculated and added to the principal balance twice a year.
Compounds Monthly
Refers to the process of applying interest to an amount where the interest earned itself earns interest, recalculated on a monthly basis.
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