Examlex
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Compounded Monthly
The process of calculating interest on both the initial principal and the accumulated interest of previous periods on a monthly basis.
Retirement Plan
A financial arrangement designed to replace employment income upon retirement, which may involve contributions by employers, employees, or both.
Contributions
Amounts given or payments made towards a common goal, project, or for the benefit of a group.
Compounded Semi-annually
A method where interest is calculated and added to the principal amount twice a year.
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