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The Mercantilists did not advocate:
RRSP
Registered Retirement Savings Plan, a tax-deferred account aimed at helping Canadians save for retirement.
Annual Contributions
Payments or deposits made into a financial account or investment plan once every year.
Compounded Monthly
A process where the interest earned on an investment is recalculated every month, incorporating both the initial principal and the accumulated interest.
Annuity
An income-generating financial offering that provides fixed periodic payments, largely intended for the retired population.
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