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Transistors performed functions similar to vacuum tubes, but they were larger and more power hungry.
Compounded Monthly
Interest on an investment or loan that is calculated and added to the principal balance once a month, leading to faster growth.
Semi-Annually Compounded
A rephrasing of "compounded semi-annually," where interest is calculated twice a year on the initial principal and previously accumulated interest.
Nominal Rate
The interest rate stated on a financial product or agreement without adjusting for inflation or compounding interest effects.
Compounded Quarterly
The process of calculating interest on the initial amount and any accumulated interest every three months.
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