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The variance of the sample
Future Value
The value of an investment or loan at a specified future date, taking into account factors like interest rates and compounding frequency.
Compounded Annually
A process where interest is calculated once a year on the principal amount, including any interest from previous periods, leading to compound growth.
Monthly Deposits
Regular payments or investments made into a financial account or savings plan once a month.
Lump Sum
A significant amount of money that is paid in one single payment instead of multiple payments.
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