Which of the Following Defines Iterative Calculation

question 2

Multiple Choice

Which of the following defines iterative calculation?

• A) The practice of overriding a spreadsheet program or calculator in order to be able to compute an answer so as to take into account circular dependency in a system of equations
• B) The practice of ensuring there are no circular dependencies in a system of equations
• C) The practice of letting a spreadsheet program or calculator repeatedly compute an answer so as to take into account circular dependency in a system of equations
• D) The practice of using the AFN formula to calculate an answer in order to avoid circular dependencies in a system of equations

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Definitions:

Withdraw

The act of removing funds from a bank account, or the process of pulling out of an agreement or investment.

Inherited

Property or assets received from an ancestor or predecessor typically through a will or succession.

Annuity Due

A series of equal payments made at the beginning of consecutive periods over a fixed length of time.

Interest Rate

The cost incurred by a borrower from a lender for the use of assets, represented as a proportion of the principal.