Examlex
In the sentence Some supervisors are too autocratic, the word autocratic is a(n) ----.
Semi-Annually Compounded
Interest or finance charges are applied to the principal sum twice a year, causing the investment or loan to grow at a faster rate than simple annual compounding.
RSP
Registered Savings Plan, a financial account in Canada designated for holding savings and investment assets, with special tax benefits for retirement savings.
Monthly Compounded
Pertains to interest or any financial metric that is calculated and added to the principal balance every month.
Nominal Rate
The stated interest rate of a bond or loan, not accounting for compounding or inflation effects.
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