What Is an ADT (An Abstract Data Type) and Why

question 31

Essay

What is an ADT (an Abstract Data Type) and why are they considered to be "abstract?
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Definitions:

Investments

The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal sum twice a year, resulting in interest on interest.

Semi-annual Payments

Payments that are made twice a year as a means to fulfill a financial obligation.

Loan

A borrowed amount of money that should be returned along with an additional interest payment.