An Explanation Using an Integrated Set of Principles That Organizes

question 33

Multiple Choice

An explanation using an integrated set of principles that organizes observations and predicts behaviors or events is called a(n)

• A) independent variable.
• B) hypothesis.
• C) theory.
• D) scatterplot.

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Definitions:

Monthly Compounded

A method where interest adds to the principal sum at the end of each month, allowing for the interest in the next month to be based on the new total.

Annuity Investment

A financial product typically sold by insurance companies that provides periodic payments to the holder for a defined period of time or for life.

Effective Rate

The interest rate on a loan or financial product restated from the nominal rate as an interest rate with annual compound interest payable in arrears.

Annuity Investment

An economic tool designed to disburse a consistent flow of funds to someone, primarily for retirement preparation purposes.