All of the following are necessary to compute the future value of a single amount except the: A) amount of initial payment or receipt B) interest rate C) length of time between investment and future payment or receipt D) maturity value

Question

Quizplus · Accepted Answer

The future value of a single amount formula does not require the maturity value because it is the value that the initial payment or receipt will grow to over time, which is what we are calculating.

All of the Following Are Necessary to Compute the Future