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A Medical Term Formed from the First Letters of the Words

question 7

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A medical term formed from the first letters of the words in a phrase,which can be spoken as a whole word and usually contains a vowel,such as laser,is


Definitions:

Quoted Rates

The publicly listed interest rates or prices for financial instruments or bank deposits.

Effective Annual Rate

The interest rate on an investment or loan, annualized for compounding over a given period more than once a year.

APR

Annual Percentage Rate; a measure of the cost of credit, expressed as a yearly interest rate.

Rate of Compounding

The rate at which an investment grows due to compounding, where interest earns interest over periods.

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