The Function B Gives the Balance, in Dollars, in a Mutual

question 14

Multiple Choice

The function B gives the balance, in dollars, in a mutual fund t years after the initial investment. Assume that no deposits or withdrawals are made during the investment period. What is the financial interpretation of .

• A) interest rate
• B) interest value
• C) fixed rate
• D) floating rate
• E) simple interest

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Definitions:

Database

A collection of related files or tables containing data.

Data Hierarchy

A systematic organization of data often in a hierarchical form ranging from bits and bytes up to databases.

Byte

A unit of digital information that most commonly consists of eight bits, representing a single character of data in most computer systems.

Database

An organized collection of structured information, or data, typically stored electronically in a computer system.