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Compounded Monthly
A method of calculating interest where the interest earned each month is added to the principal, increasing the amount on which future interest is computed.
Purchase Agreement
A legal document outlining the terms and conditions of a purchase between a buyer and a seller.
Compounded Monthly
The process of adding interest to the principal sum of a loan or deposit, or compound interest, on a monthly basis.
Withdrawals
The act of taking money out of an account.
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