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Compounded Annually
Interest on an investment that is calculated once a year and added to the principal sum of the investment.
Compounded Monthly
Compounded Monthly means applying interest to both initial principal and the accumulated interest from previous periods on a monthly basis.
Lost Wages
The income an individual is unable to earn due to their inability to work, often resulting from an injury or illness.
Compounded Monthly
A process where interest is calculated and added to the principal sum of a loan or deposit each month.
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