Examlex
Correctly complete the following quote about hiring people Warren Buffet made in a commencement speech."We look for intelligence,we look for initiative or energy,and we look for integrity.
Rate of Return
The gain or loss on an investment over a specific period, expressed as a percentage of the investment's cost.
Nominal Rate
the interest rate before adjustments for inflation, often cited in loan and savings agreements.
Compounded Annually
Interest on a loan or investment is calculated once a year, with each year’s interest added to the principal for the subsequent year’s interest calculation.
Compounded Annually
The process of earning interest on an investment where the accrued interest is added to the principal sum once per year.
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