Examlex
What are some uses for index futures contracts?
Compound Interest GIC
A guaranteed investment certificate where the interest is calculated on both the initial principal and the accumulated interest from previous periods.
Maturity Value
The sum paid to an investor at the conclusion of a predetermined investment period, encompassing both the original amount invested and the interest earned.
Compounded Monthly
The calculation of interest that adds the earned interest back to the principal sum each month, resulting in interest earnings on interest.
Population Growth
The increase in the number of individuals in a population, usually measured over a specific period and influenced by factors such as birth rates, death rates, and migration.
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