Understanding Interest Rates

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Questions and Answers

What was Romantic Poetry?

It was a complex, artistic, literary, and intellectual movement that started in the second half of the eighteenth century in Western Europe, influenced by the French Revolution (1789) and the Industrial Revolution. It represented a revolt against the aristocratic social and political norms of the Age of Enlightenment and focused on escaping from reality and traditional origins.

What is the difference between classical and romantic age poetry?

The romantic poets laid emphasis on imagination and emotion. The 18th century neo-classical poets had emphasized reason and intellect, beauty of forms, the pursuit of ancient artistic origins.

Describe the characteristic of Subjectivity in Romanticism.

All romantic literature is subjective. It is an expression of the inner urges of the soul of the artist. The poet gives free expression to his feelings, emotions, experiences, thoughts and ideas and does not care for rules and regulations. The emphasis is laid on inspiration and intuition, the freedom from the constraint of reason and realism, so the writer writes according to his own fancy.

Explain the importance of Nature in Romantic poetry.

<p>Zest for the beauties of the external world characterizes all romantic poetry. Romantic poetry carries us away from the suffocating atmosphere of cities into the isolation of nature and greenness. All poets were lovers of nature and looked at the beautiful aspects of nature. To them, nature was a friend, a lover, a mother, sister and a teacher.</p> Signup and view all the answers

How is Imagination characterized in Romanticism?

<p>In Romanticism, fiction will declare its disobedience and rebellion against the reason, so reason and intellect were replaced by emotion and imagination. The poets of this age gave a primary place to passion and emotion.</p> Signup and view all the answers

What role does Supernaturalism play in Romanticism?

<p>Supernaturalism is one of the main features of romanticism. It is simply a belief in the supernatural. It is a phenomenon which cannot be explained with the help of science. The belief in the supernatural has been universal in all ages. Supernatural element in literature gives it a new dimension. It is exercised both in poetry and prose.</p> Signup and view all the answers

Describe the characteristic of Melancholy in Romantic poets.

<p>Most of the romantic poets in English are full of melancholy and pessimism. A romantic is dissatisfied individual. He may be dissatisfied with the circumstances of his own, with his age, with literary conventions and</p> Signup and view all the answers

Flashcards

Romantic Poetry

A complex artistic, literary, and intellectual movement in the 18th century that revolted against aristocratic norms.

Classical vs. Romantic Age

Romantic poets emphasized imagination and emotion, while neo-classical poets focused on reason and intellect.

Subjectivity in Romanticism

Romantic literature expresses the artist's inner feelings, emotions, and ideas without regard for rules.

Nature in Romantic Poetry

Romantic poetry emphasizes the beauty of the external world and avoids the confines of urban life.

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Imagination's Role

Romanticism values imagination and emotion over reason and intellect.

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Supernaturalism

Belief in phenomena that science cannot explain.

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Melancholy

Romantic poets often express feelings of melancholy and pessimism.

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Study Notes

  • The interest rate represents the cost of using money, typically expressed as a percentage of the principal amount.
  • Various types of interest rates exist.

Nominal Rate

  • This is the stated interest rate that does not account for compounding.

Periodic Interest Rate

  • This is the interest rate charged per period.
  • For example, a nominal rate of 12% compounded monthly translates to a periodic interest rate of 1%.

Effective Annual Rate (EAR)

  • EAR is the actual interest rate a borrower pays due to compounding, also referred to as the effective yield.
  • EAR can be calculated using the formula: EAR = (1 + (Nominal Rate / m))^m - 1, where m is the number of compounding periods per year.
  • For instance, a credit card with an 18% interest rate compounded monthly would have an EAR calculated as (1 + (0.18 / 12))^12 - 1 = 0.1956.
  • Therefore, the credit card's EAR is 19.56%.

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