______________, or the Algorithms or Business Logic Programmed into the Application

question 55

Multiple Choice

______________, or the algorithms or business logic programmed into the application, can be simple or complex depending on the application.

• A)data storage
• B)data access logic
• C)application logic
• D)presentation logic
• E)application access storage

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Definitions:

Equivalent Interest Rate

An equivalent interest rate is the interest rate that equates to the compound interest over a different payment frequency, ensuring comparability among rates with different compounding periods.

Nearest 0.01%

Rounding off a number to the closest one-hundredth of a percent for precision in calculation or representation.

Nearest 0.01%

Adjusting values to ensure that they are as close as possible to an accurate hundredth of a percentage point for increased accuracy.

Nearest 0.01%

The approximation of a value rounded to the nearest hundredth of a percent to increase precision.