Examlex
MATCHING
Match each term with the correct statement below.
-encompasses four editions; each is targeted to different markets with different features
Compounded Monthly
Compounded monthly refers to the process of calculating interest where the interest earned each month is added to the principal, and the next month's interest is calculated on the new total.
College Tuition
The fee that students pay to cover the cost of instruction at a college or university.
Account
A record summarizing the financial transactions related to a particular aspect of a business's financial activities.
Compounded Annually
A method of calculating interest where the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.
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