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Unlike a flowchart, pseudocode uses standardized symbols to visually depict an algorithm.
Annuity
A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.
Concept
An abstract idea or a general notion that forms the foundation of a project, strategy, or theory.
Semiannual Payments
Payments made twice a year, often in the context of loan repayments or interest payments.
Compounded Semiannually
A method of calculating interest where the interest earned over half a year is added to the principal, and the new total becomes the basis for the next round of interest calculation.
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