The future value of C invested at r% for t periods is: A) FV = C/(1 + r)^t. B) FV = (C)(1 + t)^r. C) FV = (C)(1 + r)^t. D) FV = [C][1/(1 + r)^t]. E) FV = (C)(1 + r)(t).

Question

Quizplus · Accepted Answer

The correct formula for the future value of an investment is FV = C(1 + r)^t, where C is the initial investment, r is the annual interest rate, and t is the number of periods. This matches option C.

The Future Value of C Invested at R% for T