An Array $\underline {\text { argument } }$ Performs Multiple Calculations on One or More Sets of Values

question 5

True/False

An array $\underline {\text { argument } }$ performs multiple calculations on one or more sets of values and then returns either a single value or multiple values._________________________

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Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Future Value

The worth of an asset or cash on a future date that has the same value as a certain amount presently.

Present Value

A calculation that determines the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Usury Laws

Regulations governing the amount of interest that can be charged on a loan, intended to prevent lending at excessively high rates.