Examlex
Even if stratification is inevitable, the functionalist explanation for differential rewards does not explain the wide disparity between the rich and the poor.
Retirement Fund
A financial arrangement designed to replace employment income upon retirement, commonly managed through savings or investment plans.
Retirement Goal
A financial target or savings plan aimed at ensuring financial security for an individual upon retirement.
Compounded Annually
This refers to the process where interest is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.
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