Examlex
Consider the following code snippet: public static void main(String[] args)
{
Order myOrder = new Order() ;
JButton button = new JButton("Calculate") ;
JLabel label = new JLabel("Total amount due") ;
) . .
Class MyListener implements ActionListener
{
Public void actionPerformed(ActionEvent event)
{
Label.setText("Total amount due " + myOrder.getAmountDue() ) ;
}
}
}
What is wrong with this code?
Compounding Interval
The frequency at which interest is added to the principal amount of an investment or loan which can affect the total interest earned or paid.
Compounded Monthly
In finance, it refers to the process of computing interest on an investment or loan on a monthly basis, with each month's interest being added to the principal for the calculation of subsequent interest.
Interest
The cost of borrowing money or the payment received for saving or investing money, typically expressed as an annual percentage of the principal.
Nominal Rate
The interest rate stated on a financial product, not adjusted for inflation.
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