Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Interest rate per period for the loan | (I) Type |
| (B) Total number of payments for the loan. Its unit (e.g. year) should match with the unit of the interest rate | (II) Rate |
| (C) Whether payment is made at the beginning (value=1) or at the end (value=0) of the period | (III) FV |
| (D) Future value, which is taken as 0, is the balance at the end of the loan period | (IV) Nper |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) →
(A) - (II), (B) - (IV), (C) - (I), (D) - (III)