Examlex
A ________ must be used to convert an analog signal to a digital one,when trying to transmit data over a typical phone line.
Amortized
The gradual reduction of a loan or debt by regular payments of both interest and principal.
Compounded Monthly
A method of calculating interest where the accrued interest is added to the principal sum each month, so that each subsequent interest calculation is made on a slightly higher amount.
Compounded Annually
The practice of calculating and adding interest to the initial amount of money once every year, increasing the future accruals of interest.
Amortized
Amortized refers to gradually reducing the principle amount owed on a debt over time through a fixed repayment schedule.
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