The amount of one, often referred to as the 'compound amount of one', is a financial metric used to determine the future value of a single sum of money invested at a particular interest rate over a specified period.
A base period is a particular time in the past used as the yardstick or starting point when measuring economic data. It is usually a year or an average of years, but it can also be a month or any other specified period.
The term 'current' is often used to denote anything that is not overdue or is occurring within the current period or time frame.
Simple interest is a quick and easy method for calculating the interest charge on a loan or the interest earned on an investment, based on the principal amount, interest rate, and the time period involved.
