A File Extension Is a Three- or Four-Letter Sequence, Preceded

question 18

True/False

A file extension is a three- or four-letter sequence, preceded by a period, that identifies the file as a particular type of document.

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Definitions:

Lump Sum

A lump sum is a single payment of money, as opposed to a series of payments made over time.

Compounded Quarterly

The method of calculating interest where the accumulated interest is added to the principal amount after each quarter.

Future Value

The worth of a current asset on a certain future date, calculated by presuming a specific growth rate over a period.