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What are the reasons for improved resource allocation?
Compounded Monthly
A term referring to the calculation of interest on the initial principal and also on the accumulated interest from previous periods, computed each month.
6.2%
A percentage expressing a portion, often signifying a rate such as an interest rate, growth rate, or efficiency ratio.
2 ½ Years
A time period of two and a half years.
Compounded Annually
The process of adding interest to the principal sum of a loan or deposit once per year, resulting in an increase in the amount of interest earned over time.
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