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Compounded Monthly
The process where the interest earned on an investment is added to the principal each month, so that the interest for the next month is calculated on the total.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed over a period of time.
Average Increase
The mean amount added over a series of increments, often used to measure growth or inflation over time.
Income Yield
The annual income from an investment divided by the current price of the investment, often expressed as a percentage, indicating the return from dividend payments or interest.
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