Examlex
A trust is a form of property ownership that separated the legal and beneficial
ownership of property.
Future Value
Future value is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.
Compounded Monthly
Interest calculation where interest is added to the principal balance each month, leading to an increase in the total interest earned over time.
Ordinary Annuity
A sequence of identical payments made consistently during a defined timeframe.
Compounded Semi-Annually
Interest calculation method where the interest is added to the principal at half-year intervals, leading to an increase in the amount of subsequent interest.
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