Examlex
A bank pays 2.5% interest on deposits. What is the return on a $1000 deposit after two years if interest is compounded continuously?
Quarterly Dividends
Dividends paid by a corporation to its shareholders at the end of each quarter of the fiscal year.
Compounded Quarterly
Interest calculation method where interest is added to the principal four times a year, affecting the total interest earned or paid.
Redeemed
In financial terms, to exchange a financial instrument like a bond or coupon for its value in cash or goods; also refers to utilizing a reward or benefit.
Compounded Semi-Annually
Refers to the process of applying interest to a principal sum twice a year, leading to interest being earned on previously earned interest.
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