Compound Interest. Compound interest is calculated each period on the original principal and all interest accumulated during past periods. Although the interest may be stated as a yearly rate, the compounding periods can be yearly, semiannually, quarterly, or even continuously.
The band was formed in 1981 when vocalist/guitarist James Hetfield responded to an advertisement posted by drummer Lars Ulrich in a local newspaper. Metallica's current line-up comprises founding members Hetfield and Ulrich, longtime lead guitarist Kirk Hammett and bassist Robert Trujillo. Guitarist Dave Mustaine and bassists Ron McGovney, Cliff Burton and Jason Newsted are former members of the band.
Metallica Biography: The last original members are James and Lars. After original bassist Ron McGovney left the band, he was replaced by Cliff Burton. Before the band recorded their first album, Kill 'Em All, original lead guitarist Dave Mustaine was kicked out of the band and replaced by Kirk Hammett. While on tour with Ozzy in 1986 in support of Master of Puppets, Cliff Burton was killed in a tour bus accident in Sweden.