Examlex
In a two-tailed test for correlation at α = .05, a sample correlation coefficient r = 0.42 with n = 25 is significantly different than zero.
Compounded annually
Interest on a deposit or loan calculated once per year, where each year's interest is added to the principal.
Semi-annual compounded
Interest on an investment is calculated twice a year and added to the principal.
Nominal rate
The stated or face interest rate on a loan or investment, not adjusted for inflation or the frequency of compounding.
Compounded annually
A way of calculating interest where the interest is added to the principal at the end of each year, leading to an increase in the amount on which the following year's interest is calculated.
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