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    Personal Financial Planning Study Set 3
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    Exam 2: Time Value of Money
  5. Question
    The Formula for Future Value Is
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The Formula for Future Value Is

Question 3

Question 3

Multiple Choice

The formula for future value is:


A) FV = PV1+) n The formula for future value is: A) FV = PV1+) <sup>n</sup>   B) FV = PV / 1+) <sup>n</sup>   C) FV = PV1 / 1+) <sup>n</sup>)    D) FV = 1 / PV) 1+) <sup>n</sup>   E) None of the above.
B) FV = PV / 1+) n The formula for future value is: A) FV = PV1+) <sup>n</sup>   B) FV = PV / 1+) <sup>n</sup>   C) FV = PV1 / 1+) <sup>n</sup>)    D) FV = 1 / PV) 1+) <sup>n</sup>   E) None of the above.
C) FV = PV1 / 1+) n) The formula for future value is: A) FV = PV1+) <sup>n</sup>   B) FV = PV / 1+) <sup>n</sup>   C) FV = PV1 / 1+) <sup>n</sup>)    D) FV = 1 / PV) 1+) <sup>n</sup>   E) None of the above.
D) FV = 1 / PV) 1+) n The formula for future value is: A) FV = PV1+) <sup>n</sup>   B) FV = PV / 1+) <sup>n</sup>   C) FV = PV1 / 1+) <sup>n</sup>)    D) FV = 1 / PV) 1+) <sup>n</sup>   E) None of the above.
E) None of the above.

Correct Answer:

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