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If a curve falls and then rises, it
Perpetuity
A financial instrument that provides endless payments of a fixed amount of money, often used to model the value of stable companies.
Semi-annually
Occurring twice a year, or every six months.
Compounded
The method of calculating interest where the accumulated interest is added back to the principal sum, so that interest in the next period is then earned on the principal plus previously accumulated interest.
Principal
The original amount of money invested or loaned, before interest.
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