Multiple Choice
Which of the following is the correct formula for calculating the future value of an amount invested (A) at an interest rate of r, for n periods?
A) (1 + r) x n x A
B) (1 + r) n x A
C) r x n x A
D) (1 + n) r x A
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: A company owes 2 more payments of
Q25: St.John's Inc.reported accounts receivable on January 1,
Q26: Which of the following is not reflected
Q27: Company A sells $500 of merchandise on
Q28: A company has borrowed money at discount;
Q30: A company has the following current
Q31: On December 31, 2014, Fraser Co.sold cars
Q32: Kamloops Corp.has several years of declining results.The
Q33: If management thought that the current year's
Q34: Which of the following is the strictest