Examlex
Which one of the following was NOT created during the Progressive Era?
Perpetual Scholarship
A scholarship grant maintained indefinitely, often funded by an endowment that generates interest to cover its cost.
Compounded Annually
An interest calculation method where the interest is added to the principal at the end of each year, with the total becoming the principal for the next year.
Compounded Annually
A method where interest is calculated once per year and added to the principal sum.
Withdrawals
The act of removing funds from a bank or investment account.
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