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

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

Quizplus · Accepted Answer

The formula for compound value is FVn = P(1 + i)n, where FVn is the future value, P is the present value, i is the interest rate, and n is the number of periods. Choice A is the only option that matches this formula.

Which of the Following Is the Formula for Compound Value