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With the adoption of the electronic health record and importance of technology, there is a need for nurses with technology experience. What are the two ways nurses can specialize in informatics?
Effective Rate
The annual interest rate that accounts for compounding within the year.
Compounded Annually
The process where interest earned is added to the principal sum once a year, and future interest is earned on the new total.
Compounded Nominal Annual Rate
The rate of interest for one year, without taking inflation into account, which is compounded at specified intervals within that year.
Effective Rate
The actual interest rate on an investment or loan, taking into account the compounding of interest over time.
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