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The New York Longitudinal Study of Temperament found that
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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