Which function would calculate a final value of an investment of $250 per month for 5 years at 4% interest?
A)NPV
B)IPMT
C)PV
D)FV

Name: Which function would calculate a final value of an investment of $250 per month for 5 years at 4% interest? A)NPV B)IPMT C)PV D)FV
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Question

Quizplus · Accepted Answer

The function to calculate the final value of an investment over a period of time with a fixed monthly payment is called FV or Future Value. Therefore, the correct choice is D.

Which Function Would Calculate a Final Value of an Investment