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What is the purpose of interferometry?
Deferred Annuity
An insurance contract in which payment of annuities is delayed to a future date.
Compounded Annually
The process where interest is calculated and added to the principal amount once every year, leading to an increase in the interest amount for the following year.
Deferral Period
A set period during which payments of principal or interest on a loan are temporarily delayed.
Perpetual Scholarship
A scholarship fund that provides financial aid indefinitely, usually through an endowment that generates interest used to fund the scholarship.
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