Dates Are Stored as ____

question 87

Multiple Choice

Dates are stored as ____.

• A) text and numbers
• B) sequential numbers
• C) text only
• D) a series of slashes and numbers

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Definitions:

Withdrawals

The act of taking money out of an account.

Compounded Semi-annually

The process of calculating interest on an investment or loan every six months on both the initial principal and previously accumulated interest.

Purchase Price

The amount of money paid to buy a good, service, or asset.

Perpetuity

A financial instrument that provides indefinite payments at fixed intervals, theoretically lasting forever.