A ____ Is a Prewritten Formula That Is Built into Excel

question 64

Multiple Choice

A ____ is a prewritten formula that is built into Excel.

• A) function
• B) feature
• C) task
• D) calculation

---

Definitions:

Premium

The amount by which the price of a financial instrument or security, like an insurance policy, bond, or stock, exceeds its face value or nominal value.

Straight-Line Method

A technique for determining depreciation or amortization by uniformly spreading an asset's cost throughout its lifespan.

Amortizes

The process of gradually writing off the initial cost of an asset over a period, effectively spreading the cost over its useful life.

Accrued Interest

Accrued interest is the interest on a loan or bond that has accumulated since the principal investment or last payment period but has not yet been paid.