Examlex
Which two standards below represent newer versions of STP?
Compounded Semi-Annually
A method of calculating interest where the calculation is done twice a year, and the interest from the first half is added to the principal for the second half calculation.
Financial Institutions
Businesses that provide financial services, including banks, credit unions, and insurance companies.
Compounded Semi-Annually
Interest on an investment or loan calculated twice a year, adding each interest payment to the principal.
Principal
The original amount borrowed or invested.
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