Examlex
A ____ is a small metal or plastic device that looks like a ballpoint pen, but uses pressure instead of ink to write, draw, or make selections.
Compound-Interest
A method of calculating interest where the amount is based on the initial principal and the interest that has been accumulated in past periods.
Compounded Quarterly
Involves calculating interest on an investment by adding the accrued interest back into the principal at the end of each quarter, effectively earning interest on interest.
GIC
Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period, typically without the risk of losing the principal invested.
Investor
An individual or entity that allocates capital with the expectation of receiving financial returns.
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