Examlex
In 2011, output per capita in Australia was approximately equal to:
Compounded Monthly
Interest calculation method where interest is added to the principal each month, increasing the amount on which subsequent interest is calculated.
RRSP
A Registered Retirement Savings Plan that allows individuals in Canada to save for retirement on a tax-deferred basis.
Annuity Payment
A fixed amount of money paid to someone each period, typically for the rest of their life or for a fixed number of years, as part of an annuity contract.
Ordinary Annuity
A series of equal payments made at regular intervals, with the interest compounding period being the same as the payment period.
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