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A goal of the Division of Nursing is to:
Interest Rate
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Future Value
The value of an asset at a specific date in the future, calculated from its present value using the expected rate of return.
Compounded Semiannually
Interest calculation method where interest is added to the principal amount twice a year, leading to interest on interest in the second half.
Simple Interest
Interest calculated on the principal amount of a loan or deposit, without compounding over time.
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