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Compounded Monthly
This refers to the calculation and addition of interest to the principal sum of a loan or deposit on a monthly basis.
Equal Monthly Payments
Fixed payments made every month, as in a loan or mortgage, ensuring that the loan is paid off over a specified period.
Compounded Monthly
A method where interest earnings are calculated and added to the principal amount each month, allowing the interest to then earn interest in subsequent months.
Compounded Semi-annually
A method of calculating interest where the earned interest is added to the principal balance twice a year, affecting the total interest earned over time.
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