Examlex
Which of the following terms is considered the basic unit of data in a database?
RRSP
Registered Retirement Savings Plan, a tax-deferred retirement savings plan available in Canada.
Annuity
An economic product that ensures a stable flow of income, primarily targeting individuals in retirement.
Payments
The act of transferring money from one party to another, often as compensation or for goods and services.
Compounded Quarterly
Compounded quarterly refers to the method of calculating interest where it is added to the principal sum four times a year, resulting in an increase in the amount over time due to the compounding effect.
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