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Educators and other professionals:
Semiannual
Occurring twice a year; pertaining to a period of six months.
Interest Earn
The income received by an investor for lending funds or depositing money in interest-bearing accounts.
Compounded Monthly
This refers to the process where interest is added to the principal balance of a loan or deposit on a monthly basis, allowing the interest to earn interest in subsequent months.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specific rate of return.
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