A Software Company Is Working on a New Project for a Mutual

question 52

Multiple Choice

A software company is working on a new project for a mutual fund organization.The client expects the scope of the project to be flexible; their goals are evolving and they needed to test the product as and when components are finished.Which type of project development methodology should be adopted?

• A) Waterfall model
• B) Agile development
• C) Rapid application development
• D) Predictive development

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Definitions:

Compounded Annually

Involves the process where interest is added to the principal sum at the end of each year, for the purpose of calculating the next year's interest.

Annual Payments

Regular payments made once a year.

Loan

Money that is borrowed, typically from a bank or financial institution, which is expected to be paid back with interest.

Withdrawals

Sums of money taken out from an account, fund, or deposit by the account holder.