Which function will calculate the final value of an investment of $100 a month that earns 4% interest over 5 years?
A)PV
B)FV
C)NPV
D)IPMT

Question

Quizplus · Accepted Answer

The FV (Future Value) function is used to calculate the final value of an investment over a period of time, given a regular payment and a fixed interest rate. In this case, the investment is $100 per month, the interest rate is 4%, and the investment period is 5 years. Therefore, the FV function is the best choice to calculate the final value of the investment.

Which Function Will Calculate the Final Value of an Investment