A Rule That Guarantees the Solution to a Problem When

question 94

Multiple Choice

A rule that guarantees the solution to a problem when it is correctly applied is termed as a(n) :

• A)heuristic.
• B)algorithm.
• C)premise.
• D)syllogism.

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Definitions:

Interest Computation

The process of calculating the interest payable on a loan or earned on an investment, based on the principal, rate, and time.

Maturity Date

The date on which a financial obligation must be repaid or settled in full.

Leap Years

Years that are divisible by 4 (except for years divisible by 100, unless they are also divisible by 400), having 366 days to keep the calendar year synchronized with the astronomical year.

Maturity Value

The total amount that will be received at the maturity date of an investment, including the principal and any accrued interest.