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Bank Deposits

Simple Interest

In the world of finance, one of the fundamental concepts is simple interest. It involves multiplying the interest rate by the principal amount and the number of periods. Unlike compound interest, it does not take into account the effect of compounding. This makes it more suitable for calculating interest on short term deposits. Understanding the nuances of simple interest is crucial in mastering financial calculations.

Bank fixed deposits

Bank fixed deposits, also known as bank term deposits, refer to the funds collected by banks from investors for a predetermined period. This serves as a primary source of ra...

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Annual Yield

The effective annual rate of return considers the impact of compounding interest. Its significance lies in its ability to convert diverse interest rates into a comparable an...

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Lender

Lending is the act of providing monetary funds to another individual or organization for a predetermined period of time. This exchange involves the borrower returning the bo...

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Fixed deposit

A fixed deposit is a financial tool where an individual deposits a certain amount of money to a bank, financial institution, or company. In return, the receiving entity pays...

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