All of the following are factors needed when calculating the future value of money except

Name: All of the following are factors needed when calculating the future value of money except
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In order to calculate the future value of money, we need to know the principal amount, the number of periods (or the length of time the money will be invested), and the interest rate. The maturity value is irrelevant as it is simply the final amount that the investment will be worth, which we are already calculating.

All of the Following Are Factors Needed When Calculating the Future