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Nikolai Buglaj's "Race"ing Sideways Is a Commentary on the Western

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Nikolai Buglaj's "Race"ing Sideways is a commentary on the Western convention of


Definitions:

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done on a monthly basis.

Interest Saved

The amount of money that is not paid as interest due to paying off debt earlier or negotiating better rates.

Savings Account

A deposit account held at a financial institution that provides principal security and interest earnings.

Rate of Return

An indicator of the profit or loss on an investment, shown as a percentage of the investment's original value, for a defined timeframe.

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