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What Are Some Reasons That System Development May Be Required

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What are some reasons that system development may be required?


Definitions:

Percent Rate

The percentage that indicates the rate of change or the rate applied to a specific financial calculation.

Base

(1) The quantity that is multiplied by itself in a power. (2) The initial amount to which a percent change is applied.

Accurate

Free from errors or mistakes; precise.

Cent

A small unit of currency, constituting one-one-hundredth of a primary currency unit, used in numerous countries worldwide.

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