If the Year Is Left Off an Entered Date, ________

question 9

Multiple Choice

If the year is left off an entered date, ________.

• A) the year 1900 will be automatically inserted
• B) the year 2000 will automatically be inserted
• C) the current year will be inserted
• D) the year will stay blank

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Definitions:

Compounded Monthly

Interest calculation method where the interest is added to the principal balance monthly, leading to compound growth.

Compounded Monthly

Interest on an investment or loan is calculated and compounded every month.

Maximize Benefits

The act of optimizing or getting the most advantageous results from a certain situation or set of resources.

Compounded Annually

Interest that is computed once per year and added to the account's total.