Examlex
According to Leavell and Clark, primary prevention consists of two components. They are:
Compounded Monthly
This involves the recalculating of interest on a loan or investment by taking into account both the initial principal and the accumulated interest from previous periods, recalculated on a monthly basis.
Life Annuity
A financial product providing a series of payments at regular intervals for the remainder of the annuitant's life.
Term Annuity
An annuity that provides regular payments for a specific duration or term, as opposed to a lifetime.
Compounded Monthly
The process of adding interest to the principal balance of an investment or loan, resulting in the accumulation of interest each month.
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