There Is No Need Formally to Elect to Treat ____________________

question 26

Short Answer

There is no need formally to elect to treat ____________________ members as a single shareholder.

---

Definitions:

Compounded Quarterly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.

Amortization Period

The total length of time over which equal regular payments will repay a loan.

Equal Payments

Regular payments of the same amount over the term of a loan or mortgage.

Compounded Semi-Annually

The process wherein the interest earned on an investment is added to the principal balance twice a year, resulting in compound growth.