Examlex
A key characteristic of transformational leaders is:
Effective Rate
The actual interest rate on an investment or loan, taking into account the compounding of interest at specified intervals over time.
Compounded Continuously
A method of calculating interest where the amount earned is constantly reinvested, leading to exponential growth over time.
Effective Annual Rate
The effective annual rate is the real return on an investment, taking into account the effect of compounding interest over a year.
Annual Rate
The interest rate charged per year on a loan, or earned on an investment, not accounting for the effect of compounding within that year.
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