Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

10. Time Value of Money

Time Value of Money Equations

Financial Accounting

10. Time Value of Money

Time Value of Money Equations

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

In the context of time value of money equations, 'nper' is the acronym for which financial function term?

Nominal periodic rate

Number of periods

Net payment estimate

Net present earnings

Previous problemNext problem

Verified step by step guidance

Understand the context of the problem: The question is asking about the term 'nper' in the context of time value of money equations. This is a fundamental concept in financial accounting and finance.

Recall the components of time value of money equations: These equations typically involve terms such as present value (PV), future value (FV), interest rate (rate), payment (PMT), and number of periods (nper). Each term has a specific role in calculating the value of money over time.

Focus on 'nper': The term 'nper' specifically refers to the number of periods in the calculation. It represents the total number of payment periods or compounding periods in the time value of money equation.

Eliminate incorrect options: Review the provided options and eliminate those that do not align with the definition of 'nper'. For example, 'Nominal periodic rate' refers to the interest rate per period, 'Net payment estimate' relates to payment calculations, and 'Net present earnings' is not a standard term in time value of money equations.

Confirm the correct answer: Based on the definition and elimination process, 'nper' stands for 'Number of periods', which is the correct answer in this context.