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The leading cause of deaths in the U.S. in 2007 was
Retirement Account
A financial account designed specifically for savings, investment, and accumulation of money for retirement.
Initial Deposit
The first sum of money placed into an account to open it or start an investment.
Nominal Interest Rate
The stated interest rate on a loan or investment, not accounting for compounding or inflation effects.
Compounded Monthly
A method of calculating interest where the accumulated interest is added to the principal sum each month, leading to an increase in the amount of subsequent interest accrued.
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