A Diamond on a Structure Chart Shows Sequence - Like

question 2

True/False

A diamond on a structure chart shows sequence - like a baseball player would go to first base,then second,third and home.

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Definitions:

Discount Rate

The interest rate applied in discounted cash flow analysis for the purpose of determining the present value of future cash inflows.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done on a monthly basis.

Interest Saved

The amount of money that is not paid as interest due to paying off debt earlier or negotiating better rates.

Savings Account

A deposit account held at a financial institution that provides principal security and interest earnings.