The future value of a sum is a function of:
A)The amount invested at the beginning of the period.
B)The interest rate.
C)The number of compounding periods.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

The future value of a sum is determined by all three factors listed - the initial amount invested, the interest rate, and the number of compounding periods. Therefore, the best choice is D, "All of the above."

The Future Value of a Sum Is a Function Of