Examlex
Which statement is not correct? A query language like SQL
Endowment Fund
A financial asset, often in the form of a donation to institutions, where the principal remains intact and only the investment income is used.
Monthly Grants
Financial assistance or funds distributed on a monthly basis to individuals, organizations, or projects.
Compounded Semi-Annually
A frequency of interest calculation where the interest is added to the principal every six months, resulting in earning interest on interest in the second half of the year.
Present Value
The current value of a future sum of money or stream of cash flows, given a specified rate of return.
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