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In finance, the rule of 72, the rule of 70[ 1] and the rule of 69.3 are methods for estimating an investment 's doubling time. The rule number (e.g., 72) is divided by the interest percentage per period (usually years) to obtain the approximate number of periods required for doubling. Although scientific calculators and spreadsheet programs ...
Annual percentage rate. Parts of total cost and effective APR for a 12-month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate of charge ( APR ), [ 1][ 2] corresponding sometimes to a nominal APR and sometimes to an effective APR ( EAPR ), [ 3] is the interest rate for a whole year ...
The set of integers on a number line. An integer is the number zero (), a positive natural number (1, 2, 3, . . .), or the negation of a positive natural number (−1 ...
You can calculate your total interest by using this formula: Principal loan amount x Interest rate x Loan term in years = Interest. For example, if you take out a five-year loan for $20,000 and ...
Crossword. A crossword (or crossword puzzle) is a word game consisting of a grid of black and white squares, into which solvers enter words or phrases ("entries") crossing each other horizontally ("across") and vertically ("down") according to a set of clues. Each white square is typically filled with one letter, while the black squares are ...
Fisher equation. In financial mathematics and economics, the Fisher equation expresses the relationship between nominal interest rates, real interest rates, and inflation. Named after Irving Fisher, an American economist, it can be expressed as real interest rate ≈ nominal interest rate − inflation rate. [1] [2]
The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation. It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate. If, for example, an investor were able ...
Occam's razor. In philosophy, Occam's razor (also spelled Ockham's razor or Ocham's razor; Latin: novacula Occami) is the problem-solving principle that recommends searching for explanations constructed with the smallest possible set of elements. It is also known as the principle of parsimony or the law of parsimony ( Latin: lex parsimoniae ).
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