Define Ethics

question 49

Short Answer

Define ethics.

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Definitions:

Annuity

A finance-related product that ensures a continual payment stream to a recipient, mainly used in planning for life after work.

Ordinary Annuity

Steady cash flows facilitated at the decline of each era during a certain season.

Nominal Interest

The rate of interest quoted on a loan or bond without adjusting for inflation or other factors that could affect the real rate of return.

Effective Rate

The actual interest rate on a loan or investment, taking into account the compounding of interest, as opposed to the nominal rate.