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Identify any formal fallacies or fallacies of language in the following passage.
Anybody who is well-informed reads at least one newspaper every day, and Murray reads two newspapers daily. So we can agree that Murray is a well-informed person.
Growing Annuity
A series of regular payments that grow at a consistent rate over time, commonly used in retirement and investment calculations.
Rate of Return
Earnings or losses seen on an investment during a fixed interval, presented as a percentage of the investment's first cost.
Compounded Monthly
Indicates that interest is calculated and added to the principal balance of an investment or loan on a monthly basis, leading to exponential growth over time.
Future Value
The value of an asset or amount of money at a specific date in the future that is equivalent in value to a specified sum today.
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