Examlex
Let V be a vector space with basis , and let
be the linear transformation
. Then T is an isomorphism, and the matrix of T with respect to G and the standard basis is the
identity matrix.
Compounded Monthly
Interest on an investment or loan is calculated and added to the principal amount on a monthly basis.
RRSP
Registered Retirement Savings Plan, a Canadian investment vehicle for individuals to save for retirement on a tax-sheltered basis.
Compounded Annually
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied once per year.
Ordinary General Annuity
An annuity in which payments are made at the end of each period, such as a year, month, or quarter.
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