Compare and Contrast Quantitative and Categorical Independent Variables

question 40

Essay

Compare and contrast quantitative and categorical independent variables. Give at least one example of each one.

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Definitions:

Monthly Compounded

A reiteration indicating that the interest accrues on a monthly basis, thereby increasing the investment or loan amount through compounding.

Promissory Note

A written and signed promise to pay a specified sum of money to a particular person or bearer on a specified date.

Compounded Semi-Annually

The process of calculating interest on both the initial principal and the accumulated interest over half-year periods.

Annual Rate of Appreciation

The rate at which an investment or real estate increases in value over a one-year period, expressed as a percentage.