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Why are large telescopes often placed on top of mountains?
Interest Rate
The financial obligation a borrower incurs to a lender, calculated as a percentage of the principal, for the right to use certain assets.
Deposits Increase
A rise in the amount of money held in bank accounts, often indicative of an economy's health or individual savings growth.
Compounded Annually
The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.
Withdraw
The act of removing funds from an account, investment, or deposit.
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