Mathematics · Financial Mathematics
Match List I with List II and choose the correct answer from the options given below: List I (Concepts) A. Annuity B. Time value of money C. Compounding D. EMI List II (Descriptions) I. Process of application of interest over interest, period after period, on a given sum at a specific rate for a specified time. 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. 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. IV. A fixed and equal amount of money payable or receivable at periodic intervals evenly spaced over time.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A - IV, B - III, C - I, D - II
- 2A - IV, B - I, C - II, D - III✓
- 3A - III, B - IV, C - II, D - I
- 4A - II, B - III, C - I, D - IV
Correct answer
A - IV, B - I, C - II, D - III
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