Data Definition Involves Describing the Properties of the Data That

question 81

Multiple Choice

Data definition involves describing the properties of the data that go into each database table, specifically the ____ that make up the database.

• A) records
• B) rows
• C) fields
• D) characters

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Definitions:

Compounded Nominal

Refers to the nominal interest rate which is compounded at certain intervals over a specified period but not necessarily reflecting the actual annual rate of return.

Annuity

An annuity is a financial instrument that provides a consistent series of payments to a person, often serving as a source of income for those who have retired.

Annuitant

The individual entitled to receive payments from an annuity contract, usually during retirement.

Annually Compounded

A compound interest calculation where the interest is added to the principal at the end of each year.