Match List - I with List - II.
|
List - I |
List - II |
|
(A) Nper |
(I) Future value |
|
(B) PV |
(II) Payment made each period |
|
(C) Pmt |
(III) Present value |
|
(D) fv |
(IV) Number of periods |
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
These are the arguments of the spreadsheet financial functions such as FV(rate, nper, pmt, pv, type):
(A) Nper — this matches (IV) Number of periods. It is the total number of payment periods.
(B) PV — this matches (III) Present value. It is the lump sum that the future payments are worth now.
(C) Pmt — this matches (II) Payment made each period. It stays the same over the life of the annuity.
(D) fv — this matches (I) Future value. It is the balance to be reached after the last payment.
NCERT (2026-27 edition):
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