Which of the following is the formula for compound value? A)FV_n = P(1 + i)ⁿ B)FV_n = (1 + i)/P C)FV_n = P/(1 + i)ⁿ D)FV_n = P(1 + i)^-n

Name: Which of the following is the formula for compound value? A)FV n = P(1 + i) n B)FV n = (1 + i)/P C)FV n = P/(1 + i) n D)FV n = P(1 + i) -n
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Question

Quizplus · Accepted Answer

The formula for compound value, or future value, is FV_n = P(1 + i)ⁿ, where P is the principal amount, i is the interest rate per period, and n is the number of periods.

Which of the Following Is the Formula for Compound Value