Examlex
The fishbone technique is a cause-and-effect approach to considering the potential interrelatedness of problem causes to aid in decision making.
Simple Interest
Interest charged exclusively on the initial borrowed amount, or on whatever portion of the principal is still outstanding.
Compounded Annually
A method of calculating interest in which the interest earned on an investment is reinvested, and new interest is earned on that interest annually.
Compounding
The financial process where an investment earns interest not only on the principal amount but also on the accumulated interest over time.
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