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High school students who are academically below average are more likely to take part in extracurricular activities
Earnings Rate
The rate at which an investment or savings account generates income, usually expressed as a percentage of the principal.
Compound Interest
Interest calculated on the initial principal, including all of the accumulated interest from previous periods on a deposit or loan.
Present Value Factor
A factor used in calculating the present value of a future sum of money or a stream of cash flows, given a specific interest rate.
Annuity
A financial product that provides regular payments over a specified period of time, often used as a retirement income strategy.
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