Which of the following equations shows how much X dollars will be worth if invested at an annual interest rate i for t years, if interest is compounded annually?

Question

Quizplus · Accepted Answer

The formula for the future value of an investment with annual compounding is given by:
$FV = X(1+i)^t$
Where X is the initial investment, i is the annual interest rate, and t is the number of years. This formula can be rearranged to solve for the future value, which gives us:
$(1+i)^t X$
Therefore, the correct equation is $( 1 + i ) ^ { t } X$ (option A).

Which of the Following Equations Shows How Much X Dollars (1+i)tX( 1 + i ) ^ { t } X(1+i)tX

Which of the Following Equations Shows How Much X Dollars $( 1 + i ) ^ { t } X$