Bennett Just Got Started Using a Storage Method Called Dropbox

question 104

True/False

Bennett just got started using a storage method called Dropbox. He stores most of his information with this service. Bennett is using cloud computing.

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Definitions:

Ordinary Annuity

A series of equal payments made at the end of consecutive periods over a fixed length of time.

Table Approach

A methodological approach that utilizes tables to organize and analyze data or information systematically.

Compounded Annually

The process where the interest earned in one period is added to the principal sum, and in the next period, interest is earned on the new principal.

Equal Annual Deposits

Regular payments of the same amount made into an account or investment annually.