Examlex
Define the terms job scope and job depth.
Compounds Interest
Interest calculated on the initial principal as well as the accumulated interest of previous periods of a deposit or loan.
APR Loans
The Annual Percentage Rate of a loan encompasses the yearly interest rate plus any additional fees, representing the actual cost of borrowing.
EAR
Effective Annual Rate; the actual interest rate an investor or borrower receives or pays after compounding interest is taken into account over a year.
Actual Rate
The interest rate that is actually earned or paid on an investment, loan, or other financial product.
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