Examlex
By 2023,minorities are expected to constitute the majority of all U.S.children under the age of 18.
Equivalent Interest
The equal effectiveness of different interest rates with respect to compounding periods over a specified period.
Nearest 0.01%
Rounding or approximating a numerical value to the closest one-hundredth of a percent.
Interest Rate
The percentage charged on a loan or paid on an investment for the use of money, calculated on an annual basis.
Nearest 0.01%
Rounding to the closest one-hundredth of a percent to simplify precision in calculations or representations.
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