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In 1994, Cellular Phone Carriers Created the First Commercial Digital

question 82

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In 1994, cellular phone carriers created the first commercial digital networks, with a data transfer rate of ____.


Definitions:

Compounded Quarterly

The process of calculating interest on the initial amount and any accumulated interest every three months.

Inflation Rate

The pace at which prices for goods and services ascend overall, causing the buying power to decrease.

Compounded Monthly

An interest calculation method where interest earned is added to the principal balance every month, increasing the amount of future interest accrued.

Compounded Semi-Annually

Interest calculation method where the interest is added to the principal biannually, leading to interest on interest.

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