Written in the Prolog programming language using
Negotiable certificate of deposits (NCD) are
money market products, usually with a minimum face value of $100,000 and
1 day to 2 year term. The underlying security is issued
by a bank. The interest rate applicable on an NCD is determined on the
deal date by reference to prevailing market interest
rates and is fixed for the term of the investment.
An NCD entitles the
person in possession of it to payment, by the issuing
bank, of a specified sum of money (face value) on a
particular date (maturity date).
Use this button to update the knowledge base. i.e add a new line.
For example, add the line: list_ncd(au900, ['Fixed interest 1 year term at 1.5%', 100000, 1, 0.15]). OR has_ncd(steven, au300).
Lower case letters must be used and a full stop is required. These are prolog conventions.