A $100,000 loan with an interest rate of 5.0 percent and a 30-year term would carry a payment of $537 a month. Now suppose there are two loans in the picture. Both have 5.0 percent rates, but one costs $1,000 and the other costs $4,000.
An artifact or artefact (from Latin phrase arte factum ~ ars skill + facere to make) is something made or given shape by man, such as a tool or a work of art, esp an object of archaeological interest.n archaeology, however, the word has become a term of particular nuance and is defined as: an object recovered by archaeological endeavor, which may have a cultural interest.
An artifact is one of many kinds of tangible by-product produced during the development of software. Some artifacts (e.g., use cases, class diagrams, and other UML models, requirements and design documents) help describe the function, architecture, and design of software. Other artifacts are concerned with the process of development itselfâsuch as project plans, business cases, and risk assessments.