All of the following are necessary to compute the future value of a single amount except the
A) interest rate.
B) number of periods.
C) principal.
D) maturity value.

Question

Quizplus · Accepted Answer

In order to compute the future value of a single amount, we need the principal (amount to be invested), the interest rate, and the number of periods. The maturity value is the future value we are trying to calculate, so it cannot be an input to the calculation.

All of the Following Are Necessary to Compute the Future