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Compounded Quarterly
Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.
Compounded Semi-Annually
Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.
Future Value
The value of a current asset at a specified date in the future based on an assumed rate of growth.
Deposits
Money placed into a financial institution for safekeeping, which may earn interest over time.
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