MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 86

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Calculates the future value of a loan or an investment

• A)PPMT function
• B)rate of return
• C)IPMT function
• D)IRR
• E)NPV function
• F)RATE function
• G)PMT function
• H)XIRR function
• I)NPV
• J)NPER function
• K)FV function
• L)PV function

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Definitions:

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Security Interest

A legal claim or lien on collateral (property or assets) granted to secure the performance of an obligation, usually repayment of a debt.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services to individuals and businesses.

Negotiable

Capable of being transferred or assigned to another party in return for value received; often used in reference to financial instruments.