If You Wrote the Formula =TRUNC(-4

question 32

Multiple Choice

If you wrote the formula =TRUNC(-4.382,1) , the resulting value would be ____.

• A) -4
• B) -4.3
• C) -4.38
• D) -4.382

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Definitions:

Savings Plan

A scheme that encourages regular saving with a bank or financial institution, often linked with benefits such as interest or investment returns.

Effective Rate

A comprehensive annual rate that accounts for compounding, often used in finance and investments to provide a true comparison among different financial products.

Investments

The allocation of assets with the goal of generating income or profit over time.

Quarterly

Occurring or done four times within a year, typically used in financial contexts to describe intervals for payments or reports.