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In the Formula FV=P(1 + R)t Discussed in the Text

Question 88

Multiple Choice

In the formula FV=P(1 + r) t discussed in the text, the term FV represents:


A) The principal value of a loan
B) The annual rate of return to the lender of funds
C) The combined total of principal plus accumulated interest
D) The length, period or term of a loan
E) None of the above

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