Examlex
In the process of fixing breakfast you:
1. break open the egg
2. fry it
3. cut the fried egg into pieces
4. toast a slice of bread
5. cut the toast in half
Which of these are chemical processes?
Equivalent Rate
The interest rate that would produce the same compounded financial result over a specific period as a differently compounded interest rate.
Compound Annual Rate
The rate at which a sum of money would grow if it were compounded once per year.
Mining Town
A community developed to house miners and is located near mining operations.
Effective Rate
The total calculated interest on a loan or investment annually, including compounding, differing from the nominal interest rate.
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