Match the Following Five Terms to Their Meanings

question 19

Multiple Choice

Match the following five terms to their meanings:
i.Future value (Fv)
II.Nper
III.PMT
IV.principal
v.arguments

• A)prebuilt function that calculates payments on a loan
• B)initial amount of the loan
• C)abbreviation for number of time periods
• D)the value at the end of the time period
• E)values that an Excel function uses to perform calculations or operations

---

Definitions:

Large Land Grants

Significant parcels of land awarded by governments or monarchs to individuals, institutions, or companies, often to promote settlement, agriculture, or development.

Carolina

Originally a British colony in North America, divided into North Carolina and South Carolina in 1712.

Barbadians

People from Barbados, an island country in the Caribbean region, known for its rich history, culture, and significant contribution to the transatlantic slave trade.

Slave Trade

The historical trade of enslaved individuals, primarily from Africa to the Americas, from the 16th to the 19th centuries.