Examlex
The committee system in state legislatures does NOT allow members to specialize in specificareas of governmental operations.
Quarterly Compounded Nominal Rate
A nominal interest rate compounded four times a year.
Effective Rate
The annual interest rate that accounts for compounding within the year.
Compounded Annually
The process where interest earned is added to the principal sum once a year, and future interest is earned on the new total.
Compounded Nominal Annual Rate
The rate of interest for one year, without taking inflation into account, which is compounded at specified intervals within that year.
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