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The Database Management System (DBMS) Can Be Used to Set

question 37

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The database management system (DBMS) can be used to set up a security system involving user accounts, passwords, permissions, and limits for processing the database.


Definitions:

Effective Rate

A comprehensive interest rate that represents the full cost of borrowing or the full return on investment, including compounding.

Monthly Rate

A set interest or cost expressed as a monthly percentage or fee.

Loan Payment Schedule

A detailed plan listing individual payment amounts and dates throughout the term of a loan, showing both principal and interest components.

Amortized Loan

a loan in which the principal and interest are paid down over time through fixed monthly payments.

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