Examlex
The sum of our imports and exports is equal to about _________% of our GDP.
Effective Rate
The actual annual interest rate that accounts for compounding over a given period, providing a true reflection of the financial cost or benefit.
Nominal Rate
The stated interest rate of a financial instrument, without adjustment for inflation or compounding frequencies.
Compounded Monthly
The method of computing interest that includes both the original amount and the interest accrued over past months, applied each month.
Annual Nominal Rate
The annual rate of interest without taking into account the compounding of interest within that year, not reflecting the actual interest earned or paid.
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