Value of a loan amount X with interest r after one period equals:
A) (X * 1)/(X * r)
B) X * (1 + r)
C) X/(1 + r)
D) All of these are true.

Name: Value of a loan amount X with interest r after one period equals: A) (X * 1)/(X * r) B) X * (1 + r) C) X/(1 + r) D) All of these are true.
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Question

Quizplus · Accepted Answer

The value of a loan amount X with interest rate r after one period is calculated as X * (1 + r), which accounts for the principal amount plus the interest accrued.

Value of a Loan Amount X with Interest R After