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Compounding Interval
The frequency at which interest is added to the principal of a deposit or loan, influencing the total interest earned or paid.
Compounded Quarterly
The process of calculating interest on both the initial principal and the accumulated interest over three-month intervals.
Interest Rate
The percentage at which interest is calculated on the principal of a loan or deposit over a specific period of time.
Payments
The act of transferring money or something of value from one party to another in exchange for goods, services, or to fulfill a legal obligation.
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