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RRSP
Registered Retirement Savings Plan (RRSP) is a Canadian financial account designed for individuals to save for retirement, offering tax benefits to incentivize saving.
Compounded Quarterly
Interest on a loan or investment is calculated four times a year, with each interest payment added to the principal.
RRSP
Registered Retirement Savings Plan, a Canadian financial account for holding savings and investment assets, aimed at retirement.
Ordinary Annuity
An annuity that makes regular payments to the annuitant at the end of each payment period for a fixed period of time.
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