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Assuming that all other things are equal,including the wage,which of the following statements is correct?
Effective Rate of Return
A measure of the return on an investment that accounts for the effect of compounding over a specified time period.
Contributions
Payments or services provided by individuals or organizations to a common fund or project.
RRSP
Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that provides tax benefits.
Contributions
Payments or investments made into a scheme, plan, or project by individuals or entities.
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