Examlex
If the annual rate is 8%, and the interest is compounded annually, what is the effective annual rate?
Unsubsidized Loans
Loans where the borrower is responsible for the interest during all periods, starting from the time the loan is disbursed.
Debit Card
A card that directly subtracts funds from a buyer's checking account to finance a purchase.
Credit Card
A payment card issued by a financial institution that allows the cardholder to borrow funds with the promise to repay, with interest, at a later date.
Relative Cumulative Frequency
A statistical measure that shows the proportion of observations below a particular value in a dataset.
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