_____________________ Assumes That All Members of the Group Have the Same

question 103

Short Answer

_____________________ assumes that all members of the group have the same characteristics

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Definitions:

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal amount twice a year and then interest is subsequently earned on the new principal.

Amortization Period

The total length of time over which an individual loan or debt is scheduled to be paid off.

Compounded Semi-annually

Compounded semi-annually refers to the calculation of interest where the principal amount is credited with interest twice a year.

Amortization Period

The total time period over which a loan or mortgage is scheduled to be paid off through regular payments.