Examlex
This is a way to relieve the boredom and monotony that can be a disadvantage of work specialization.
Compounded Semi-Annually
Interest calculated on the principal and previously earned interest twice a year.
Quarterly Compounded
An interest calculation method where interest is added to the principal every quarter, increasing the amount of interest earned or paid.
Nominal Rate
Nominal Rate refers to the interest rate before adjustments for inflation or other factors. It is the rate quoted on loans and savings without taking into account the real purchasing power of the money.
GIC
Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.
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