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Compounded Annually
Definition: Refers to the calculation and addition of interest to the principal sum of a loan or deposit once every year.
Debt
money that is owed or due to be paid to someone else, often as a result of borrowing funds.
Investment Account
An account held at a financial institution that is used for investing in securities, such as stocks, bonds, and mutual funds.
Withdraw
The process of withdrawing money from a bank account or investment.
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