The future value of a deposit is: A) PV * (1 + r) * n, where r = interest rate, n = periods, and PV = present value. B) PV * (1 + r)n, where r = interest rate, n = periods, and PV = present value. C) PV * rⁿ, where r = interest rate, n = periods, and PV = present value. D) PV/(1 + r)n, where r = interest rate, n = periods, and PV = present value.

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The future value of a deposit is calculated using the formula PV * (1 + r)n, where r is the interest rate, n is the number of periods, and PV is the present value. This formula takes into account the compound interest earned on the deposit over time. Option A includes an extra multiplication by (1 + r), while option C includes an undefined variable ⁿ that is not part of the formula for future value. Option D is the formula for calculating present value, not future value.

The Future Value of a Deposit Is