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The principal of a middle school is considering banning vending machines from the school. On one hand, they provide a good source of revenue for the school; however, she is concerned because of the poor nutritional quality of the foods currently offered. How would you advise the principal?
Fair Market Value
The price at which an asset would trade in a competitive auction setting, reflecting the true value as agreed upon by a willing buyer and seller.
RRSP
A Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, with certain tax advantages.
Compounded Annually
Interest calculated once a year on the initial principal and the accumulated interest of previous periods of a deposit or loan.
Deferred Annuity
An insurance product that delays income payments until the investor elects to receive them, which can be many years after the initial investment.
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