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Compounded
The process where the value of an investment increases because the earnings on an investment, both capital and interest, earn interest as time passes.
Monthly
Occurring, produced, or executed once every month.
Annuity
A financial product that pays out a fixed stream of payments to an individual, typically used as part of retirement planning.
RRSP
Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, intended to support retirement.
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