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Savings Plan
A strategy designed to help individuals allocate a portion of their income for future use, typically involving deposit accounts or investments.
Semi-Annual Deposits
Deposits made twice a year into a financial account or investment vehicle.
Compounded Quarterly
Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.
Compounded Semi-Annually
Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.
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