Examlex
A student loan is another type of unsecured credit.
Equal Annual Deposits
Regular payments of the same amount made into an account or investment annually.
Semiannual Deposits
Semiannual deposits refer to money deposits made twice a year into a financial account or investment.
Compound Interest
Interest that is computed on both the initial principal amount and the interest that has been added to that principal from past periods of a deposit or loan.
Annual Rate
The interest rate for a period of one year, often used to compare the annual interest between different investments or loans.
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