Examlex
Suppose Sandra has difficulty in concentrating while doing her homework. She decides to reward herself for reading 5 minutes without letting her mind wander. After a week of this, she decides to reward herself only when she reads for 10 minutes without distraction. Finally, she is able to concentrate for 15 minutes at a time without distraction. Sandra's ability to improve her study behavior is best considered an example of:
Required By Law
Mandated actions or procedures as stipulated by legislation or legal statutes.
Compounded Annually
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied once per year.
Compounded Semi-Annually
The process of calculating interest on a principal sum and its accumulated interest at two intervals within the year.
Effective Annual Rate
The interest rate on a loan or financial product restated from a nominal rate to an annual rate, taking compounding into account.
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