-Explain why a combo box is the best choice for the FirstContact data field shown in the accompanying figure.
Definitions:
Compounded Semiannually
Refers to the process where interest is added to the principal balance of an investment, loan, or deposit twice a year, resulting in interest being earned on interest.
Future Value
The worth of a current asset or amount of money at a specified time in the future, accounting for specific interest or growth rates.
Future Value Table
A mathematical table used to calculate the future value of an investment or loan based on a specific interest rate and time period.
Present Value Table
A table used to calculate the present value of a future amount of money or stream of cash flows given a specific discount rate.
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