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Constant Variables That Might Be Used in Different Functions Should

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Short Answer

Constant variables that might be used in different functions should be _________


Definitions:

Present Value

The contemporary evaluation of a future financial sum or cash inflow patterns, using a defined rate of return.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and the rate of interest without compounding.

Account Balance

The amount of money held in a financial account, which reflects all transactions made.

Interest

The cost of borrowing money, usually expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.

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