Examlex
A concordance rate allows us to look at the
Continuously Compounded Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Simple Interest
Interest earned only on the original principal amount invested.
Annually Compounded Interest
Interest on a loan or investment that is calculated once a year, adding the interest to the principal sum and basing future interest calculations on this new principal.
Amortized Daily Interest
Interest on a loan computed each day using the balance of the loan on that day, leading to a variable interest charge per billing period.
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