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Compound Interest
Interest for a loan or deposit that includes calculations on the original principal amount as well as the interest accumulated from earlier periods.
Decimal Multiplication
A mathematical operation involving the multiplication of numbers represented in decimal form.
Compound Interest
Calculating interest by including both the original principal amount and the interest that has been piled up from former periods.
Exponential Functions
Mathematical functions describing growth or decay at rates proportional to the value of the function at any point in time.
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