A Student Types the Formula '= YEAR( TODAY())-2005' to Calculate

question 1

True/False

A student types the formula '= YEAR( TODAY())-2005' to calculate the age of a person born in 2005.This formula will use the TODAY function as an argument for the YEAR function to obtain the current year,and then subtract 2005 returning the person's age.

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Definitions:

Trading Investment

An investment in securities with the intention of selling them in the short term to profit from price changes.

Interest

The cost of borrowing money, usually expressed as a percentage of the amount borrowed, paid by the borrower to the lender.

Market Rate

The current price or interest rate at which a good, service, or security can be bought or sold in a competitive marketplace.

Long-Term Investment

Investments in bonds, stocks, or real estate held for an extended period to generate revenue or appreciate in value, not intended for immediate sale.