Examlex
Which of the following does NOT belong with the other three?
Simple Interest
Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.
Compounded Monthly
An approach to interest calculation conducted every month, including both the initially loaned or deposited sum and the cumulatively gained interest from former periods.
Compound Increase
The growth of an amount where the increase over time accumulates on itself because the base amount changes due to additions made in previous periods.
Compounded Annually
The calculation and addition of interest to the principal once a year.
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