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    Money Banking and Financial Markets Study Set 2
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    Exam 4: Future Value, Present Value, and Interest Rates
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    The Future Value of $100 That Earns 10% Annually for N
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The Future Value of $100 That Earns 10% Annually for N

Question 6

Question 6

Multiple Choice

The future value of $100 that earns 10% annually for n years is best expressed by which of the following?


A) $100(0.1) n
B) $100 x n x (1.1)
C) $100(1.1) n
D) $100/(1.1) n

Correct Answer:

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