The correct answer is option 1- PV.
PV is the financial function that indicates the loan amount.
| Parameter |
Explanation |
| Rate |
Interest rate per period for the loan |
| Nper |
Total number of payments for the loan. Its unit (e.g. year)
should match with the unit of the interest rate. |
| Pv |
Present value, i.e. the loan amount |
| Fv |
Future value, which is taken as 0, is the balance at the
end of the loan period |
| Type |
Whether payment is made at the beginning (value=1) or
at the end (value=0) of the period |
|
