Multiple Choice
Which of the following equations is used to calculate the future value of an investment when interest is compounded m times a year?
A) FVn = PV ÷ (1 + i) m×n
B) FVn = PV × (1 + i/m) m×n
C) FVn = (1 + i) m×n+ PV
D) FVn = (1 + i) m×n÷ PV
Correct Answer:
Verified
Correct Answer:
Verified
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