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Future Value
The estimated value of an investment at a specific date in the future, considering interest or growth over time.
Compounded Semiannually
Refers to the process where interest is calculated and added to the principal amount of an investment or loan twice a year.
Total Payment
The sum amount paid over the duration of a loan or installment plan, including both the principal amount and the interest.
Future Value
A future specified date's asset or cash worth that is equivalent to a predetermined sum currently.
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