A Mnemonic That Involves Visualizing Information to Be Recalled with a Series

question 139

Short Answer

A mnemonic that involves visualizing information to be recalled with a series of related images from your home is called ________ ________ _________.

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Definitions:

Compounded Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, where initially more interest is paid than principal.

Constant Payments

A fixed amount of money paid periodically in a loan agreement or financial investment, such as in an annuity or mortgage.

Interest

A fee levied for the use of borrowed money, frequently expressed in terms of an annual percentage rate.