How Are Aggregate Functions Different from Other Types of Functions

question 9

Multiple Choice

How are aggregate functions different from other types of functions?

• A)Aggregate functions make calculations on groups of records.
• B)Aggregate functions return yes/no or true/false values.
• C)Aggregate functions work only with numeric data.
• D)Aggregate functions do not work with date values.

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Definitions:

Perpetuity

A type of annuity that continues indefinitely, often used in finance to model consistent payments or cash flows without an end date.

Compounding Period

The frequency with which interest is added to the principal balance of an investment, which can be annually, semiannually, quarterly, etc.

Annual Percentage Rate

A measure of the cost of borrowing expressed as a yearly interest rate that includes fees and costs associated with the loan.

Effective Annual Rate

The real return on an investment, taking into account the effect of compounding interest as opposed to just the nominal rate.