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Double Your Money
A colloquial term referring to an investment strategy or opportunity that aims to increase the initial investment by 100%.
Rate of Interest
The percentage charged on the total amount that borrowers pay for loans or earn on deposits, over a period of time.
Years
A unit of time equivalent to 365 days, or 366 in a leap year, used as a standard time period for assessing annual phenomena.
Rate of Interest
The percentage of a sum of money charged for its use by a lender to a borrower for a particular period, key to understanding loan costs and investment returns.
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