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Retirement Goal
A financial target or savings plan aimed at ensuring financial security for an individual upon retirement.
Compounded Annually
This refers to the process where interest is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.
Invest
The act of allocating resources, usually monetary, in the expectation of generating an income or profit.
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