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As environments become more similar,the heritability coefficient of intelligence decreases.
Deferred Ordinary Annuity
An annuity contract that begins payments at a specified future date, as opposed to immediately after the initial investment.
Present Value
The value today of a future sum of money or sequence of cash inflows, factoring in a given return rate.
Compounded Annually
This describes the process where interest is added to the principal balance of an investment or loan once per year, resulting in interest earning interest in subsequent years.
Retirement Account
An investment account specifically designed for saving towards retirement, offering tax advantages.
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