Use the information in the table below.
Definitions:
Retirement Income
Income that a person receives after retiring from active employment, which can include pensions, Social Security benefits, and returns from investments.
Perpetual Scholarship
A scholarship grant maintained indefinitely, often funded by an endowment that generates interest to cover its cost.
Compounded Annually
An interest calculation method where the interest is added to the principal at the end of each year, with the total becoming the principal for the next year.
Compounded Annually
A method where interest is calculated once per year and added to the principal sum.
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