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Compounded Quarterly
The process of calculating and adding interest to a principal sum four times a year, leading to compound growth in the interest amount.
Future Value
The projected value of an investment at a future point in time, factoring in specifics like interest rates and compounding periods.
Quarterly
Pertaining to or occurring every quarter, a three-month period, often used in financial and business reporting.
Annuities
Financial products that provide a series of payments over time, often used for retirement savings or income.
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