The ____ Sign Is Used in an Assignment Statement

question 52

Multiple Choice

The ____ sign is used in an assignment statement.

• A) plus (+)
• B) equal (=)
• C) ampersand (&)
• D) percent (%)

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Definitions:

Compounded Annually

The process where the interest earned on an investment is reinvested, and future interest payments are calculated on the principal plus previously earned interest.

Ending Balance

The total amount remaining in an account at the conclusion of a reporting period or after a specific transaction has been completed.

Compounded Annually

Refers to the process where the interest earned on an investment is added to the principal sum at the end of each year, then interest for the next period is calculated on the new principal.

Rate Of Return

The gain or loss of an investment over a specified period, usually expressed as a percentage of the investment's initial cost.