Which of the Following Are Names for a Step-By-Step Description

question 40

Multiple Choice

Which of the following are names for a step-by-step description of a computerized task?

• A) code
• B) program
• C) outline
• D) procedure

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Definitions:

Compounded Monthly

This involves the recalculating of interest on a loan or investment by taking into account both the initial principal and the accumulated interest from previous periods, recalculated on a monthly basis.

Life Annuity

A financial product providing a series of payments at regular intervals for the remainder of the annuitant's life.

Term Annuity

An annuity that provides regular payments for a specific duration or term, as opposed to a lifetime.

Compounded Monthly

The process of adding interest to the principal balance of an investment or loan, resulting in the accumulation of interest each month.