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Under the Gramm-Leach-Bliley Act states retain regulatory authority over
Compounded Monthly
A method of calculating interest where the accrued interest is added to the principal sum each month, leading to interest on interest.
Compounded Annually
Interest on an investment or loan calculated once per year, adding to the principal for the next year's interest calculation.
Annual Rate of Growth
The yearly percentage increase in the size or value of something, commonly used in economic or investment contexts.
Equivalent Annual Compounded
The annual interest rate that is equivalent to the nominal rate compounded more frequently than once a year.
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