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Annually Compounded
Refers to the process where interest is added to the principal balance once a year, allowing the interest to earn interest in subsequent years.
Semi-Annually Compounded
The process of calculating interest on a principal amount twice a year, with each compounding period leading to the addition of earned interest to the principal for future calculations.
Compounded Monthly
The practice of adding interest to the principal sum of a loan or deposit, with this process occurring every month.
Quarterly Compounding
The process of generating earnings on an investment's reinvested earnings four times a year.
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