Multiple Choice
The future value of a deposit is:
A) PV * (1 + r) * n, where r = interest rate, n = periods, and PV = present value.
B) PV * (1 + r) n, where r = interest rate, n = periods, and PV = present value.
C) PV * rn, where r = interest rate, n = periods, and PV = present value.
D) PV/(1 + r) n, where r = interest rate, n = periods, and PV = present value.
Correct Answer:
Verified
Correct Answer:
Verified
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