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Nominal Interest Rate
The interest rate before adjustments for inflation, as opposed to the real interest rate.
Periodic Interest Rate
The interest rate applied to a loan or investment for a specific period, usually shorter than a year.
Compound-Interest GIC
A Compound-Interest Guaranteed Investment Certificate is a type of investment where the interest earned is reinvested, allowing the initial investment to grow at an exponential rate over time due to the compound interest effect.
Maturity Value
The total amount payable to an investor at the end of a fixed term investment, including both the original principal amount and the interest earned.
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