Multiple Choice
When solving for the future value of an amount deposited now,which one of the following factors would not be an input?
A) present value amount
B) 1 plus the interest rate
C) 1 divided by the sum of 1 plus the interest rate
D) number of periods to compound over
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: Dan Quayle plans to fund his individual
Q34: Your college has agreed to give you
Q51: $100 is received at the beginning of
Q67: A loan that is repaid in equal
Q83: An ordinary annuity exists when the equal
Q107: Jill Clinton puts $1,000 in a savings
Q112: Which of the following terms best describes
Q121: You need to have $35,000 on hand
Q123: The annual rate of return is often
Q134: The effective annual rate is determined by