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easyMCQCUET Accountancy 2025 3 June Shift 12026Accountancy
1 mark

PV function returns the present value of an investment. The syntax of the function is PV (rate, nper, pmt, fv, type). What does NPER stands for?

  1. A
    Number of payment periods in an annuity
  2. B
    Interest rate per period
  3. C
    Payment amount made each period
  4. D
    First period in the calculation

Solution & Step-by-step Explanation

In financial spreadsheet equations, inside the PV syntax, NPER explicitly stands for the Number of payment periods across the total duration of the annuity investment.

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PV function returns the present value of an investment. The syntax of the function is PV (rate, nper, pmt, fv, type). What does NPER stands for?
A
Number of payment periods in an annuity
B
Interest rate per period
C
Payment amount made each period
D
First period in the calculation

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