Solved

What Is the Formula for the Future Value of a Single

Question 42

Multiple Choice

What is the formula for the future value of a single amount at compound interest?


A) 1(1+i) n \frac{1}{(1+i) ^{n}}

B) PV×(1+i) n P V \times(1+i) ^{n}

C) (1+i) n1i \frac{(1+i) ^{n-1}}{i}

D) CI[1/(1+i) n]i \frac{\mathrm{CI}-\left[1 /(1+i) ^{n}\right]}{i}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions