A Default Value Is

question 35

Multiple Choice

A default value is:

• A)The first value in a table
• B)The median value in a table
• C)The smallest value in a table
• D)A value that probably occurs most frequently
• E)A mistake made by Dee (aka the name "Dee's fault")

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Definitions:

Principal Payment

The portion of a loan payment that goes towards paying down the original amount borrowed, as opposed to interest.

Installment Note

A debt instrument that requires a series of payments over time, including interest and principal.

Annual Payment

A recurring payment made once a year, often related to loans, insurance policies, or subscriptions.

Cash

Currency and other items that are accepted by banks for deposit and are readily available for use.