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In theory, the council-manager form of government has
Compounded Quarterly
The process of calculating interest and adding it to the account balance four times a year, resulting in exponential growth.
Semi-Annually
Pertaining to an event or calculation that occurs twice a year or every six months.
Compounded Monthly
Refers to the process by which the interest earned on an investment is calculated on a monthly basis, with each month's interest being added to the principal for the calculation of subsequent interest.
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