Examlex
Which of the following is true for prototyping?
Simple Interest
An interest calculation method where the interest charge is calculated only on the principal amount, without compounding.
Nearest Cent
Rounding a monetary amount to the closest one-hundredth of the currency unit, such as a dollar.
Semiannual Compounding
Another term for compounded semi-annually, indicating that interest is added to the principal sum twice per year.
Nearest Cent
Rounding a monetary amount to the closest one-hundredth of a currency unit.
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