Examlex
Job applicants are interviewed by either friendly or unfriendly employers who sit either very close to or at a normal distance from the applicants.Research suggests that applicants will like best the friendly employers who sit at a ________ distance and will like least the unfriendly employers who sit at a ________ distance.
Nominal rate
An interest rate or return quoted on an investment or loan, not adjusted for inflation or other factors.
Effective rate
The total compounded interest rate, expressed annually, that represents the actual financial cost of a loan or investment.
Compounded quarterly
Interest is recalculated every three months based on both the initial principal and previously earned interest, leading to exponential growth of an investment or debt.
Principal amount
The principal amount refers to the initial sum of money borrowed in a loan or invested, excluding any interest or additional fees.
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