Examlex
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Exponential Equation
An equation where the variable appears in the exponent, expressing the relationship between two quantities where one varies as a constant power of another.
Decimal Places
The count of numbers present after the decimal point in a decimal numeral.
Annual Interest Rate
The percentage of principal charged by lenders or paid to investors per annum.
Compounded Continuously
A calculation involving the natural exponential function for the interest that is added to an amount of money based on an infinitely small rate over a period of time.
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