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The covariance may be either positive or negative.
Regular Interest
Interest that is paid at a standard rate on investments or charged on loans over a fixed period.
GIC
A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period of time.
Compounded Monthly
A finance term where interest is calculated and added to the principal balance each month, increasing the amount of future interest earned.
Periodic Payment
Payments made or received regularly over a specific period, often monthly or annually.
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