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Tip of the Day Set Concrete Goals

Set Concrete Goals - One of the best ways to help you set a budge and live within your means is to set realistic, but concrete, goals for things like...

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Interest Rate

Definition: The amount of money in percent that a borrower pays to borrow money.  For example, if a $100,000 loan has a 5% interest rate, the borrower will have to pay $5,000 each year until the money is paid back.

TeenAnalyst Advice: The goal for investors is to earn the highest interest rate possible without sacrificing any security.

 

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Essays4you said:

This is really great work. Thank you for sharing such a useful information here in the blog.Thank you for sharing such a useful information here in the blog.

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Definition of the Day Compound Annual Growth Rate (CAGR)

CAGR Term category: Finance/Accounting In 10 words or less: The compounding rate of return over a period. Definition: The compound annual growth rate (CAGR) is the rate at which an investment grows annually to reach a given end value.  It's calculated by the following: CAGR = [(Ending Value/Beginning Value)^(1/# of years)] -1 Advice: CAGR is a...

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