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What is the sleeper effect?
Maturity Value
The total amount that will be received by an investor at the end of a bond's term or a deposit's duration, including both the principal and interest.
Term Deposit
A banking term for a fixed-term investment held at a financial institution where money is locked in for a certain period of time, earning a specified interest rate.
Simple Interest
Interest calculated only on the principal amount, or original sum borrowed or invested, without compounding.
Maturity Value
The total amount payable to an investor at the end of a fixed-term investment, including both principal and interest.
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