Examlex
A requirement for steady state analysis of a queuing system is that:
Compounds Semi-Annually
Interest on an investment or loan is calculated and added to the principal balance twice a year.
Compounds Monthly
Refers to the process of applying interest to an amount where the interest earned itself earns interest, recalculated on a monthly basis.
Effective Annual Rate
A measure of the annual return on an investment, taking into account the effect of compounding interest.
Bonuses
Additional compensation given to employees as a reward for good performance, usually based on individual or company achievements.
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