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Which Type of Satellite Remains Located Over the Same Point

question 19

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Which type of satellite remains located over the same point of earth at all times?


Definitions:

Loan

A sum of money or item of value given to a party with the expectation of repayment, often with interest, over a defined period.

Compounded Annually

The process where interest is added to the principal sum of a deposit or loan once a year, and from then on, the interest that has been added also earns interest.

Monthly Payments

Payments that are made once every month.

Annuity

An investment vehicle that provides a consistent payment flow to a person, commonly utilized as a means of financial support for retired individuals.

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