For this assignment, consider you are designing a new database for a small mobile application that will handle financial sales data, customer data, and product inventory data—all existing in the cloud

For this assignment, consider you are designing a new database for a small mobile application that will handle financial sales data, customer data, and product inventory data—all existing in the cloud.

In at least a 2- to 3-page research paper, explain why MongoDB will be used for this application. Further, address the following:

• Explain the MongoDB Paradigm.
• Will MongoDB work well with a financial application? Explain why or why not.
• Would a different paradigm function better? Explain.
• What costs will be associated if MongoDB is used?
• Is NoSQL the right choice? Provide your rationale.

Be sure to cite your sources using APA in-text citation, and include APA references for your sources.