When solving for the future value of an amount deposited now, which one of the following factors would not be part of the calculation?
A) present value amount
B) 1 plus the interest rate
C) 1 divided by the sum of 1 plus the interest rate
D) number of periods to compound over
Correct Answer:
Verified
Q55: The effective annual rate (EAR) is the
Q56: The basic future and present value equations
Q57: The method of calculating the annual percentage
Q58: For the same annual percentage rate, more
Q59: The _ value of a savings or
Q61: What would be the future value of
Q62: The future value of a dollar _
Q63: Tracey deposits $5,000 in a five-year certificate
Q64: If the stated or nominal interest rate
Q65: You need to have $35,000 on hand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents