What Are the Three Parts of the Notation for a Class

question 22

Essay

What are the three parts of the notation for a class on a class diagram? Define each part.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, often used in the discounting of future income streams or liabilities.

Compounded Annually

Interest that is calculated once a year and added to the principal, meaning each year's interest earns interest in subsequent years.

CIFP Course Materials

Educational resources and texts provided for the Certified Islamic Finance Professional (CIFP) program, covering Islamic financial principles and practices.

Compounded Quarterly

In this scenario, interest is applied to the initial sum and any accumulated interest every three months.