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These bacteria ferment milk lactose, producing acids that curdle the milk:
Compounded Quarterly
In this scenario, interest is applied to the initial sum and any accumulated interest every three months.
Future Value
The value of an investment at a specific date in the future, taking into account factors like interest rates and time period.
Compounded Annually
Interest calculation method where the interest is added to the principal sum once a year, resulting in 'interest on interest.'
Present Value
The present valuation of a future financial sum or sequences of cash inflows, based on a specified rate of return.
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