A Standard Known as ________ Makes It Possible to Access

question 43

Short Answer

A standard known as ________ makes it possible to access data from any application regardless of what database is used.

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Definitions:

Semiannual Compounding

Interest calculation method where the interest is added to the principal twice a year, leading to compound interest growth.

Effective Rate

The equivalent annual interest rate when compounding at intervals different from annually. It reflects the total amount of interest paid or earned over a year.

Interest

Interest is the charge for borrowing money, typically expressed as an annual percentage rate.

Effective Rate

The actual interest rate on an investment or loan, considering the compounding of interest at specific intervals within a given time period.