When the Interest from Year One Is Built into the Principal

question 54

Multiple Choice

When the interest from year one is built into the principal balance, the interest is referred to as

• A)differential interest.
• B)discounted interest.
• C)compound interest.
• D)future interest accrued.

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Definitions:

RandomAccessFile

A class in Java that provides a way to read and write data to a file in a random access manner, allowing for the modification of specific parts of a file.

Byte

A unit of digital information in computing and telecommunications that most commonly consists of eight bits.

Int

A data type used in programming to represent integer values.

Input Stream

A stream that reads data into a program, often from a file, network connection, or keyboard input.