The Class Statement Is Entered in a Class File

question 44

True/False

The Class statement is entered in a class file.

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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.