You Can Include Cell References in a Formula More Quickly

question 41

True/False

You can include cell references in a formula more quickly by using the point-and-click method to click each cell, rather than typing cell references.

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Definitions:

Compounded Annually

A method of calculating interest where the interest for the year is added to the principal sum, thus interest in the next year is on the increased sum.

Loan Amount

The total sum of money borrowed in a loan, which the borrower agrees to pay back along with interest.

Quarterly

Occurring every three months or four times a year, often used in financial reporting or billing cycles.

Compounded Semi-Annually

A method where interest is calculated and added to the principal balance twice a year.