Examlex
Evaluate the expression.
Deposit
An amount of money placed in an account, typically to keep it safe or to earn interest.
Annual Contributions
The amount of money contributed to a particular account or investment over the course of a year.
Savings Plan
A scheme that encourages regular saving with a bank or financial institution, often linked with benefits such as interest or investment returns.
Effective Rate
A comprehensive annual rate that accounts for compounding, often used in finance and investments to provide a true comparison among different financial products.
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