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Home Questions 429VCZHSE8
Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Spreadsheet

Question:

PV function returns the present value of an investment. The syntax of the function is PV (rate, nper, pmt, fv, type). What does NPER stands for?

Options:

Number of payment periods in an annuity

Interest rate per period

Payment amount made each period

First period in the calculation

Correct Answer:

Number of payment periods in an annuity

Explanation:

The correct answer is option 1- Number of payment periods in an annuity.

NPER stands for Number of payment periods in an annuity.

Nper is the total number of payment periods in an annuity. For example, if a loan is a four -year car loan and makes monthly payments, then loan has 4*12 (or 48) periods. The value for nper will be 48.

CUET Questions