Examlex
Color vision is possible because of cones in the retina of the eye.There are three types of cones that can be stimulated by light.All other colors are combinations of the colors of three cones.The cone colors are:
I-Red
II-Yellow
III-Orange
IV-Blue
V-Green
VI-Purple
Compounded Continuously
A method of calculating interest where the frequency of compounding is infinitely small, effectively occurring every moment, leading to exponential growth.
Stated Rate
The interest rate declared on a financial instrument, such as a bond or loan, without adjusting for compounding or fees.
Compounded Annually
A method of calculating interest where the interest earned or paid is added to the principal, resulting in interest on interest in subsequent periods.
Effective Rate
The interest rate on a loan or financial product, adjusted for the effect of compounding over a given period.
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