Based on Data for the Period from 1970 to 2012,the

question 14

Multiple Choice

Based on data for the period from 1970 to 2012,the continent of _______________ experienced the greatest loss of life from natural disasters.

• A)North America
• B)South America
• C)Europe
• D)Asia
• E)Africa

---

Definitions:

Compounded Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Effective Annual Rate

The real interest rate on an investment or loan, taking into account the effect of compounding interest as opposed to just the nominal or stated rate.

Compounded Monthly

Interest on a loan or investment calculated monthly on both the initial principal and the accumulated interest from previous periods.

Monthly Deposits

Regular monetary contributions made into a savings or investment account over a monthly interval.