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Spotted horses and negative handprints
Annuity
An annuity is a financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.
Compounded Monthly
Interest calculation method where interest is added to the principal balance monthly, allowing the interest to earn interest each month.
Ordinary Perpetuity
A perpetuity in which the payments are at the end of each payment interval.
Ordinary Annuity
A sequence of equal payments made at equal intervals of time, with the first payment occurring at the end of the period.
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