Examlex
For a perfectly competitive firm, any price below its minimum AVC is a
Compounded Continuously
The process of calculating interest in which the earnings are reinvested and earn additional interest continuously over time.
Rule Of 72s
A shortcut to estimate the number of years required to double the invested money at a given annual rate of return.
Compounds Interest Annually
The calculation of interest on the initial principal, which also includes all accumulated interest from previous periods on a loan or deposit, done once a year.
Checking Account
A bank account that allows for the deposit and withdrawal of funds and is typically used for day-to-day transactions.
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