compound-interest method

noun

: a method of determining (as a provision for annual depreciation of an asset) a constant amount made up of an amount periodically set aside that with compound interest will equal the original cost plus interest on the declining investment in the asset compare straight-line method

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Dictionary Entries Near compound-interest method

Cite this Entry

“Compound-interest method.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/compound-interest%20method. Accessed 5 Nov. 2024.

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