Which Financial Function Calculates the Number of Payment Periods for an Investment

question 39

Multiple Choice

Which financial function calculates the number of payment periods for an investment or loan given fixed interest rate, periodic payment, and present value?

• A)NPER
• B)RATE
• C)PV
• D)IPMT

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Definitions:

Contractions

In grammar, refers to the shortening of a word or group of words by omission of a sound or letter. In physiology, refers to the tightening and shortening of a muscle.

Premature Babies

Infants born before completing the full term of pregnancy, often facing potential health risks and requiring special medical attention and care to support their development.

Full-Term Babies

Refers to infants born after the completion of 37 weeks of gestation, considered to have reached full developmental maturity before birth.

Adulthood

A life stage characterized by full physical development and maturity, typically involving increased responsibilities and independence.