Examlex
Use the Gauss-Jordan method to solve the system of equations. If the system has infinitely many solutions, let the last
variable be the arbitrary variable.
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Compounded Semiannually
Interest calculation method where the interest rate is applied twice a year, resulting in interest on interest being added to the principal.
Monthly Compounded
Monthly Compounded refers to the process of applying interest to an initial sum and its previously accumulated interest at monthly intervals.
GIC
Guaranteed Investment Certificate; a Canadian investment that offers a guaranteed rate of return over a fixed period.
Maturity Value
The amount payable to an investor at the end of a fixed term investment, including principal and interest.
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