Examlex
In what year did John Mercer Langston become the first black man to represent Virginia in the U.S.Congress?
Compounded Monthly
Interest calculation method where the interest earned is added to the principal each month, resulting in interest on interest.
Monthly Deposits
Regular payments deposited into a financial account or investment plan on a monthly basis, typically to save or earn interest over time.
Investment
The allocation of resources, usually money, to generate income or profit, including purchasing assets or securities.
Compounded Continuously
Compounded continuously refers to the mathematical limit that compound interest can reach if it is calculated and added to the principal balance continuously, leading to exponential growth.
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