DOUBLE DIPPING Definition

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DOUBLE DIPPING is two incomes received from the same source (as by holding a government job and receiving a government pension.

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FOMC see FEDERAL OPEN MARKET COMMITTEE.

COMPOUND ANNUAL GROWTH RATE (CAGR) is the year over year growth rate applied to an investment or other part of a companys activities over a multiple-year period. The formula for calculating CAGR is (Current Value/Base Value) ^ (1/# of years) - 1.

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