The Largest Percentage of Hispanics in the U

question 2

Multiple Choice

The largest percentage of Hispanics in the U.S. comes from which country or region?

• A)Mexico
• B)Puerto Rico
• C)Cuba
• D)Spain
• E)South America

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Definitions:

Semiannually Compounded

A method of compounding interest where the calculation and addition of interest occur twice a year.

Compounded Quarterly

The process in which interest is calculated on the principal and the accumulated interest over a quarter (three months) and is added to the principal for calculating future interest.

Accrued Interest

Interest that has accumulated over a period but has not yet been paid or officially recorded.

Nominal Interest

The stated interest rate of a loan or investment, not accounting for inflation or compounding effects.