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A derived class can inherit all public and protected members and methods of the base class,but it cannot inherit constructors from the base class.
Compounded Quarterly
Interest calculation method where the interest earned is calculated and added to the principal four times a year.
Monthly Compounded
Interest calculation method where interest is added to the principal sum of a loan or deposit each month, leading to interest on interest.
Monthly Compounding
Calculation of interest on the principal sum plus any previously earned interest on a monthly basis.
Semiannual Compounding
The process of calculating interest on both the initial principal and the accumulated interest over two periods within a year.
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