Which of the following equations is used to calculate the future value of an investment? A) FV_n = PV ÷ (1 + i)ⁿ B) FV_n = PV × (1 + i)ⁿ C) FV_n = (1 + i)ⁿ + PV D) FV_n = (1 + i)ⁿ ÷ PV

Question

Quizplus · Accepted Answer

The equation for calculating the future value of an investment is FV = PV × (1 + i)^n, where FV is the future value of the investment, PV is the present value of the investment, i is the interest rate per compounding period, and n is the number of compounding periods. Option B is the only one that correctly represents this equation with the given variables.

Which of the Following Equations Is Used to Calculate the Future