Examlex
Find the limit exactly (Hint: multiply and divide by the conjugate expression and simplify) .
Compounded Annually
This is an interest calculation method where interest is added to the principal once a year.
Effective Rate
The actual interest rate of an investment or loan, taking into account the effects of compounding.
Compounded Semi-Annually
Interest calculation method where the interest is added to the principal sum twice a year, causing the interest to earn interest.
Strip Bond
A type of bond where the principal and regular coupon payments have been separated and are sold individually as zero-coupon bonds.
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