Examlex
Identification
-Liu Chi
Compounded Monthly
Interest calculation method where interest is added to the principal on a monthly basis.
Amortization Schedule
A detailed table of periodic loan payments, breaking down the amounts going towards principal and interest over the life of the loan.
Total Interest
The overall amount of interest paid on a loan or earned on an investment over a specific period.
Compounded Quarterly
A compound interest calculation where interest is added to the principal every three months.