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Default Date function

I am using the NOW() function to insert the current date. This works fine,
except I am attempting to extract only the year (i.e. 2007) from this
function.

The problem is that Excel expresses the value of the date as a number (x
number of days from January 1, 1900). I can get the format to display the
date in an mm/dd/yyyy format, I just can not extract the year all alone. I
need to get the year by itself for another calculation.

Any ideas?
 
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