Examlex
The coefficient of correlation and the least squares line both describe the relationship between two interval variables.
Future Values
The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today, accounting for interest or capital gains.
Simple Interest
Interest computed solely on the initial sum of money, or on the remaining balance of the principal that is not yet paid off.
Compounded Annually
Refers to the process where interest is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Interest
The charge for borrowing money, typically expressed as an annual percentage rate, or the income earned from lending funds.
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