Examlex
Which of the following is NOT a type of pricing objective?
Compounded Weekly
Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a weekly basis.
Deposit
Money placed into a financial institution for safekeeping or as a part of initiating a larger transaction.
APR
Annual Percentage Rate, which shows the cost of credit on a yearly basis expressed as a percentage.
Compounded Monthly
The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, on a monthly basis.
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