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Why is the RFP so important?
Future Value
The value of a current asset at a future date based on an assumed rate of growth over time.
Compound Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
No Further Deposits
A condition in financial agreements where an individual is not required or allowed to make additional contributions beyond the initial or specified amounts.
Deposited
Referring to money that has been placed into a financial account for safekeeping or savings.
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