Examlex
Which of the following is a time fence operating mode?
Compounded
The process by which interest is earned on both the initial principal and the interest that has been added to it, thus "compounding" the amount.
Monthly
Occurring or done once a month.
Compounded Annually
Interest calculation method where interest is added to the principal once a year, allowing the total sum to grow at an annual rate.
Accumulate Interest
The process by which earned interest is added to the principal, allowing future interest calculations to be based on the increased balance.
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