Examlex
What is so unusual about the Genain quadruplets?
Nominal Interest Rate
The interest rate before adjustments for inflation or other factors that affect the real value of money.
Annual Rate
The interest rate for a whole year, as opposed to a shorter period, such as monthly or quarterly.
Compounded Annually
The calculation of interest on the original principal and the accumulated interest of prior periods, applied once per year.
Quarterly Payments
Payments made four times a year at three-month intervals, often used in loan repayments.
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