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What is the total of 20, -9, 1, and -13?
Future Value
The value of an asset at a specific date in the future, projecting its growth due to interest or earnings.
Deposit
A sum of money placed into a bank account or given as part of a contractual agreement as a security for future performance.
Compounded Monthly
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, with the compounding done monthly.
Future Value
The value of a current asset at a specified date in the future based on an assumed rate of growth.
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