Which of the following is the correct expression for calculating the future value of an investment? (r represents the interest rate and n represents the length of time)
A) Future value = Present value × (1 + r) n
B) Future value = Present value + (1 + r) n
C) Future value = Present value - (1 + r) n
D) Future value = Present value / (1 + r) n
E) Future value = Present value / [(1 + r) × n]
Correct Answer:
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