________________________ Is a Standard Way of Drawing Diagrams That Describe

question 15

Multiple Choice

________________________ is a standard way of drawing diagrams that describe object-oriented systems.

• A)Data flow diagram
• B)UML
• C)flowchart
• D)Hierarchy chart
• E)None of the above

Analyze the implications of different payment plans and their associated finance charges.

Calculate the total finance charges on installment plans and loans.

Evaluate the terms of loans and payment plans to make informed financial decisions.

Understand the impact of different payment amounts on the total interest paid over the life of a loan.

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Definitions:

Net Income

The amount of profit left over, after all expenses and taxes have been subtracted from total revenue.

Tax Expense

Tax Expense is the total amount of taxes owed by an individual or corporation to the federal, state, and local government, reflecting in the financial statements of the period in which the tax is accrued.

Premium Amortization

The systematic reduction of a premium paid above the par value of a bond, allocated over the bond's life until maturity.

Bond Amortization Schedule

A schedule that details the reduction of a bond's principal amount over time, often including payments of both principal and interest.