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Java Games: Flashcards, matching, concentration, and word search. |
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3-7 Future Value of Investments
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| future value of a periodic deposit investment | The balance an account will grow based on periodic investments; this can be calculated with the future value of a single deposit investment formula, where B is the balance at end of investment period, p is the periodic deposit amount, r is the annual interest rate, n is the number of times interest is compounded annually, and t is the time of investment in years. |
| future value of a single deposit investment | The balance an account grows to at some point in the future. |
| biweekly | Every two weeks. |
| periodic investment | The same deposits made at regular intervals, such as yearly, monthly, bi-weekly, weekly, or even daily. |
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