Examlex
The person who is named in your will to assemble the assets in your estate, handle taxes, and distribute the assets is called your proxy.
Future Values
The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today, accounting for interest or capital gains.
Simple Interest
Interest computed solely on the initial sum of money, or on the remaining balance of the principal that is not yet paid off.
Compounded Annually
Refers to the process where interest is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Interest
The charge for borrowing money, typically expressed as an annual percentage rate, or the income earned from lending funds.
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