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Suppose an analysis used the following expression as the indicator for how current a loan is...

Suppose an analysis used the following expression as the indicator for how current a loan is as of the reporting date. This approach gives the correct loanCurrency for which pairs of reporting and maturity dates:

loanCurrency: [paymentsMade]/[numberPayments]

(1) reporting date = maturity date
(2) reporting date <> maturity date   [<> means not equal to]
(3) reporting date > maturity date
(4) reporting date < maturity date

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Answer #1

Reporting date =maturity date

As it represents the amount of payment made in the number of installments and hence the reporting date and maturity date have met.

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