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Compounded Annually
Refers to the process where interest earned on an investment is added to the principal, and the new total becomes the basis for computing interest in the next period.
Quadruple
To increase or to be increased fourfold.
Annual Growth Rate
The year-over-year increase in value of an investment, expressed as a percentage.
Compounded Annually
An interest calculation method where the interest earned each year is added to the principal, and the following year's interest is based on this new principal amount.
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