Examlex
When identifying alternative courses of action,possible courses of action include:
Withdrawals
The act of removing funds from a bank account or investment.
Compounded Monthly
Interest calculation method where the interest earned each month is added to the principal, affecting future interest calculations.
Loan
A sum of money borrowed that is expected to be paid back with interest.
Compounded Annually
Interest on an investment is calculated once a year and added to the principle, increasing the amount the interest is calculated on the following year.
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