Examlex
Which of the following atypicals is less sedating and less likely to cause weight gain?
Compounded Monthly
Interest on a deposit or loan is calculated each month and added to the principal, increasing the amount on which future interest is computed.
Mortgage Loan
A loan used to purchase a real estate property, secured by the property itself.
RRSP
A Registered Retirement Savings Plan, which is a retirement savings and investing vehicle for employees and the self-employed in Canada.
Compounded Monthly
Describes the process where interest is calculated and added to the principal amount of an investment or loan on a monthly basis.
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