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.
Since Metallica came into existence one of the weird facts about Metallica is that they have not had a permanent bassist. The first bassist they had was Ron McGovney. He came on when the group first formed back in the early 1980s, but left due to disagreements with drummer Lars Ulrich and Dave Mustaine, Metallica's original guitarist. After that though, Metallica really started to come into itâs own. Jason Newsted joined Metallica in 2003.