According to Reports, by the End of 2016, Less Than

question 12

True/False

According to reports, by the end of 2016, less than half of all developed nations were using the Internet.

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Definitions:

Growing Annuity

An annuity that increases at a proportionate rate during the period of the contract, typically to combat inflation.

Annuity Growth Rate

The rate at which the value of an annuity investment increases over time.

Compounded Annually

A method of calculating interest in which the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.

Growing Annuity

A series of cash flows that grow at a constant rate for a specific number of periods.