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The New York Longitudinal Study of Temperament Found That

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The New York Longitudinal Study of Temperament found that


Definitions:

Interest Rate

A percentage that represents the cost of borrowing money or the profit from saving money, adjusted annually.

Compounded Quarterly

Describes the process of adding interest to the principal sum of a deposit or loan, with this addition of interest occurring four times a year.

Quarterly

Occurring every three months or four times a year, often used in reference to financial reports or payments.

Interest Rate

The proportion of a loan or savings amount paid as interest to the lender or paid to the saver, usually expressed as an annual percentage.

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