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The "dual budgeting" system in Texas means that both
Quarterly Dividend
A dividend payment made by a company to its shareholders every three months, representing a portion of the earnings.
Compounded Quarterly
A method of calculating interest where the interest earned on an investment is calculated four times a year and added to the principal sum, leading to interest calculations on interest in subsequent periods.
Future Value Factor
A formula used to determine the future value of an investment based on its current value and rate of return.
Annuity
A fiscal instrument providing a constant flow of payments to a person, mainly serving as a source of income for individuals in retirement.
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