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Abby Burke has created custom statues made out of scrap metal for over ten years.Abby has kept detailed records of every statue she has ever created.For every sale,she obtains the customer's name and address,a description of the statue,and a picture of the statue sold to the customer.Her unique style has recently attracted the attention of several celebrities.Ready to take her business to the next level,Abby has hired you to construct an accounting information system,which she wants modeled after her paper records.As you look over her records,you notice that some customer last names have different first names in different records.For example,R.Framington Farnsworth,Bob Farnsworth,and Sam Farnsworth all seem to be the same person.You explain to Abby that every customer must be identified by a unique customer number in the AIS.You are referring to the
Amount
The total sum or quantity of something.
Annuity Payment
Regular periodic payments made to an annuitant or beneficiary, often fixed sums received from a retirement account or insurance policy.
Rate Of Interest
The percentage of a loan incurred as interest cost to the borrower, usually expressed as an annual rate.
Future Value
The value of an investment at a specific date in the future, considering compounding interest.
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