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Compounded Monthly
The process of calculating interest using the principle plus previously earned interest as the new principle each month.
9%
An interest rate or percentage that signifies a nine percent value attached to financial products or calculations.
Compounded Semi-Annually
The process of adding interest to the principal sum twice a year, where interest earns more interest in subsequent periods.
Compounded Quarterly
Interest is calculated four times a year on the initial principal and the added interest from previous periods.
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