Examlex
"A triangle must be a closed shape with three sides made of straight lines." This statement is an example of a
Compounded Annually
An interest calculation method where interest is added to the principal once a year, affecting the calculation of future interest.
Compounded Monthly
An interest calculation method where interest is added to the principal balance monthly, causing the total amount of interest to grow at an increasing rate.
Compounded Annually
The method of calculating interest where the total interest is added to the principal once per year, resulting in interest earning interest annually.
Perpetuity
A type of annuity that pays a fixed sum of money to an individual indefinitely.
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