n NISM Certifications
NSM General NISM
Medium

A client wants to accumulate ₹50 lakh through monthly SIPs. Which function calculates the required SIP?

Practice question from Advanced B1 S5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    FV()

  2. B

    RATE()

  3. PMT()

    Correct answer

  4. D

    PV()

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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