You know what it looks like… but what is it called?
TAKE THE QUIZ“interest method”
We have one entry that includes the term interest method.
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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Merriam-Webster unabridged
