The First Step in Program Design Is to

question 86

Multiple Choice

The first step in program design is to

• A)determine user needs.
• B)develop a plan.
• C)hire program users.
• D)write program instructions.

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Definitions:

Effective Yield

The actual return on an investment, considering the compounding of interest.

Perpetuity

Bond paying out a fixed amount of money each year, forever.

Yearly Payment

The amount of money paid or received over the course of a year for any financial transaction or obligation.

Effective Yield

The total yield of an investment after accounting for compounding interest, often expressed on an annual basis.