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Some poor countries appear to be falling behind rather than catching up with rich countries.Which of the following could explain the failure of a poor country to catch up?
Periodic Payment
Payments made regularly (such as weekly, monthly, or annually) towards loans, mortgages, or annuities.
Ordinary Annuity
Consistently equal monetary transfers at each term's end within a finite interval.
Compounded Quarterly
A method where interest is computed on the original amount as well as on the interest that has been added over prior periods, and this calculation occurs quarterly.
Quarterly Payment
A payment or installment made once every three months.
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