Accountancy Part CUse of Spreadsheet in Business Applications

Which of the following arguments in a financial function represents t…

Which of the following arguments in a financial function represents the total number of payments?

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Nper

NCERT (2026-27 edition):
Calculating Interest and Repayments of Loan – “… Nper – Total number of payments for the loan. Its unit (e.g. year) should match with the unit of the interest rate.”