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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“Compound-interest method.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/compound-interest%20method. Accessed 26 Nov. 2024.
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