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Multiply.
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Annual Interest
The amount of interest due over the course of a year as a result of borrowing funds or investing, expressed typically as a percentage of the principal.
Accumulate
The process of gathering or amassing items, such as profits, expenses, or information, over a period of time.
Present Value
The present worth of a future amount of money or series of cash flows, taking into account a certain rate of return.
Annuity
An economic product that delivers a constant payment stream to an individual, mainly used as a means of livelihood for people who are retired.
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