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What is the number one killer of men and women in the developed world?
Compound Increase
The growth of an amount where the increase over time accumulates on itself because the base amount changes due to additions made in previous periods.
Compounded Annually
The calculation and addition of interest to the principal once a year.
Nominal Rate
The interest rate before adjustment for inflation, not reflecting the real cost of borrowing or the real return on an investment.
Compounded Monthly
The routine of accruing interest monthly, which incorporates calculating interest on the initial principal as well as on the interest that has previously been accrued.
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