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Figure 8.2
Using Figure 8.2, what type of axial movement does each joint have?
-Joint 4.
Principal Balance
The remaining amount of money borrowed or invested, excluding any interest or fees.
Compounded Semi-annually
Interest on an investment or loan is calculated and added to the principal twice a year.
Amortization Schedule
A table detailing each periodic payment on an amortizing loan, showing amounts toward principal and interest and the remaining balance after each payment.
Compounded Semi-annually
An interest calculation method in which interest is added to the principal balance twice a year, leading to exponential growth.
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