Match List I with List II
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List I |
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List II |
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Concept(s) |
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Descriptions(s) |
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A. |
Annuity |
I. |
Process of application of interest over interest, period after period, on a given sum at specific rate for specified time |
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B. |
Time value of money |
II. |
A fixed and equal amount of money payable or receivable at periodic intervals of time equal to the amount of loan (Principal) and interest at a given rate |
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C. |
Compounding |
III. |
Widely used in the field of finance in determination of equated monthly installments for recovery of loans in a specified time period at a given rate of interest |
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D. |
EMI |
IV. |
A fixed and equal amount of money payable or receivable at periodic intervals evenly spaced over time |
Choose the correct answer from the options given below:
1
A - II, B - III, C - I, D - IV
2
A - III, B - IV, C - II, D - I
3
A - IV, B - I, C - II, D - III
4
A - IV, B - III, C - I, D - II