Simplify: 
Definitions:
Compounded Semi-annually
Refers to the process where the interest earned on an investment is calculated and added to the principal amount every six months.
GIC
A Guaranteed Investment Certificate, particular to the Canadian market, ensures investors a promised rate of return within a set duration.
Semi-annual Interest
Interest that is calculated and paid twice a year on an investment or loan.
Invested
The deployment of funds with the intention of acquiring income or profit.
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