Examlex
The normal balance of an account refers to the debit or credit side where increases are recorded.
Future Value
The worth of a current asset on a certain future date, calculated by presuming a specific growth rate over a period.
Deposit Today
An amount of money placed into a financial account or investment at the present time.
Cash
Liquid assets that can be used immediately for transactions, including currency and bank balances.
Compound Interest
Interest computed not only on the original amount invested or loaned but also on the interest that has been added to this principal over past periods.
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