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The DATE function creates a date from its 3 components, namely the year, month and day. So, for example, the 25th of December 2014 would be created as follows:

=DATE( 2014, 12, 25 )

The TIME function is similar, as it creates a time from its 3 components, namely the hour, minute and second. So, for example, the 4:15 AM would be created as follows:

=TIME(4, 15, 0)

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