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Modernization theory claims that
Effective Rate
The actual interest rate an investor receives after the effects of compounding interest are taken into account.
Compounding Interval
The period of time at the end of which interest is added to the principal balance of an investment or loan.
Interest
The charge for borrowing money or the return on invested capital, generally expressed as a percentage rate.
Furniture
Movable objects intended to support various human activities such as seating, eating, and sleeping, as well as to hold objects or store items.
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