The basic future value equation is given by
A) FVn = PV0(PVIFi,n)
B) FVn = PV0(FVIFAi,n)
C) FVn = PV0(1/(1+ i)n)
D) FVn = PV0(FVIFi,n)

Name: The basic future value equation is given by A) FVn = PV0(PVIFi,n) B) FVn = PV0(FVIFAi,n) C) FVn = PV0(1/(1+ i)n) D) FVn = PV0(FVIFi,n)
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Question

Quizplus · Accepted Answer

The basic future value equation is FVn = PV0(FVIFi,n), where FVIFi,n is the future value interest factor for i interest rate and n periods.

The Basic Future Value Equation Is Given by