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Annual Dividend
The sum of money paid by a company to its shareholders out of its profits over the course of a year, usually quoted per share.
Compounded Monthly
Refers to the process where interest earned on an investment or loan is calculated and added to the principal sum each month, leading to interest on interest.
Mortgage
A loan secured by real property, used by buyers to purchase real estate.
Balance
The amount of money in a financial repository, such as a checking or savings account, at any given moment.
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