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An Object Typically Hides Its Data but Allows Outside Code

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An object typically hides its data but allows outside code access to


Definitions:

Annuities Due

An annuity for which payments are made at the beginning of each period, rather than at the end.

Deferred Annuities

An insurance product that delays payments of income, installments, or a lump sum until the investor elects to receive them, which is usually during retirement.

Compound Interest Factors

Mathematical factors used to calculate the future value of an investment or loan, considering the effect of compounding interest over time.

Future Value

The estimated amount of money an investment will grow to over a specified period of time, based on a projected rate of interest or growth rate.

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