What Does the Σ Symbol Represent

question 61

Multiple Choice

What does the Σ symbol represent?

• A)the mean
• B)the sum of values
• C)the sample size
• D)an individual score

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Definitions:

Interest Payment

The amount paid over a period for borrowing money or delaying the repayment of a debt, typically expressed as an annual percentage of the principal.

Maturity Date

The date on which a financial obligation or investment becomes due for payment or expires, marking the end of its term.

Bank Loan

A bank loan is a sum of money lent by a bank to a borrower at an agreed interest rate and repayment schedule.

Promissory Note

A written promise to pay a specified sum of money to a designated person or bearer at a fixed or determinable future time.