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Perpetuity
A type of annuity that continues indefinitely, often used in financial modeling to represent a constant stream of identical cash flows without an end.
Interest Per Month
Interest per month is the amount of interest charged or earned on a loan or investment for a one-month period, typically expressed as a percentage of the principal.
Year-end Balance
The total amount of money in an account or on the financial statements at the conclusion of the fiscal year.
Compounded Monthly
Interest on an investment or loan calculated each month on both the initial principal and the accumulated interest from previous months.
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