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The kidneys
Compounded Yearly
An interest calculation where the interest is added to the principal balance once a year, allowing the total amount to earn interest annually.
Economic Advantage
A benefit or gain in a financial context that gives an individual, company, or country a better position compared to others.
RRSP
Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, aimed at retirement planning with tax benefits.
Compounded Monthly
Interest calculation method where interest is added to the principal every month, affecting the total interest earned or paid.
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