Match List-I and List-II.
List-I List-II (A) This function calculates the periodic payment for an annuity, assuming equal payments and a constant rate of interest. (I) IRR function (B) It is the total number of payment periods in an annuity. (II) PMT (C) It is the number 0 or 1 and indicates when payments are due. (III) Nper (D) NPV is also related to the (IV) Type
Choose the correct answer from the options given below.
Match List-I and List-II.
| List-I | List-II |
|---|---|
| (A) This function calculates the periodic payment for an annuity, assuming equal payments and a constant rate of interest. | (I) IRR function |
| (B) It is the total number of payment periods in an annuity. | (II) PMT |
| (C) It is the number 0 or 1 and indicates when payments are due. | (III) Nper |
| (D) NPV is also related to the | (IV) Type |
Choose the correct answer from the options given below.
Solution
✅ Correct Option: 3
PMT returns the periodic payment of an annuity at a constant rate (II). Nper is the total number of payment periods (III). Type takes the value 0 or 1 to indicate whether payment falls at the end or the beginning of the period (IV). NPV is linked to IRR, the rate at which net present value becomes zero (I).
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