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Compounded Quarterly
A method where interest is added to the principal amount of an investment or loan at the end of every three months, leading to interest earning interest.
Deferred Annuity
A financial product that delays payments of income, installments, or a series of payments until a specified future date.
Ordinary Annuity
A sequence of identical disbursements done at consecutive period ends over a predefined duration.
Perpetuity
A type of annuity that generates an infinite series of future payments, theoretically lasting forever.
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