Examlex
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Interest Rate
The portion of a total amount of money that is required as payment for borrowing it, typically expressed on a yearly basis.
Compounded Annually
A method where interest is calculated on the initial principal and also on the accumulated interest of previous periods, applied once a year.
Post-secondary Education
Education that takes place after high school, including college, university, and vocational training.
Trust Fund
A fund comprised of assets, such as stocks, bonds, property, or cash, held in a trust and managed by a trustee for the benefit of someone else.
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