Examlex
Which rule is used in the following inference?
Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments.
Compounded Monthly
The method of determining interest that includes both the original principal sum and the interest that has previously been added up over past months.
Invest
Allocating resources, usually money, in the expectation of generating an income or profit.
Interest Rate
It is the amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.
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