​The ____________________ Function Is Used to Calculate the Total Amount

question 69

Short Answer

​The ____________________ function is used to calculate the total amount stored in a numeric field for a group of records.

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Definitions:

Annual Rate

Typically refers to the interest rate for a whole year, often applied in terms of loans, investments, or savings.

Invests

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Present Value

The present value of a sum of money or sequence of cash flows expected in the future, calculated using a certain rate of return.

Discounting

A financial process of determining the present value of a payment or a series of payments that will be made in the future.