Most Economic Growth in the World Occurred Between 1,000,000 B

question 238

True/False

Most economic growth in the world occurred between 1,000,000 B.C.and 1300 A.D.

---

Definitions:

Ordinary General Annuity

An annuity where payments are made at the end of each period in a series of equal or fixed payments.

Future Value

The equivalence in value of a future asset or monetary sum to a specified current amount.

Accurate To The Cent

Describes a level of precision in financial transactions where amounts are calculated exactly to the smallest currency unit, such as a cent.

Compounded Quarterly

A technique for computing interest in which the interest is compounded to the principal balance quarterly.