Examlex
Which of the following statements is TRUE?
Retirement Plan
A financial strategy that intends to provide individuals with income or resources during their retirement years.
Deposited
The action of placing money into a financial account or institution for safekeeping or to earn interest.
Compounded Annually
Interest calculation on the principal and the accumulated interest once a year.
Annual Payments
Payments made once every year towards a debt or investment.
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