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.
Twin brothers Chuck (guitar) and John Panozzo (drums) first got together with their neighbor Dennis DeYoung (vocals and keyboards) while living on the East Side of Chicago, eventually taking the band name The Tradewinds. Chuck Panozzo left to attend seminary school for a year but returned to the group by 1964.he band followed DeYoung's lead with their next project, Kilroy Was Here (1983), another more fully realized concept album, embracing the rock opera form. It is set in a future where performing and playing rock music has been outlawed due to the efforts of a charismatic evangelist, Dr. Evert Righteous.