A Function Needs Information to Make a Calculation

question 39

Multiple Choice

A function needs information to make a calculation.This information is known as a(n) ____.

• A) argument
• B) formula
• C) reference
• D) absolute reference

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Definitions:

Compounded Annually

Interest calculation method where interest is added to the principal sum once a year, leading to growth that includes "interest on interest."

Perpetuity

A financial instrument that pays a fixed sum of money indefinitely, with no end date.

Deferral Period

A specified period of time during which payment of a debt, investment, or loan is suspended or delayed.

Compounded Monthly

Interest calculation method where both the initial principal and the accumulated interest are recalculated every month.