All of the following are factors needed when calculating the future value of money EXCEPT ________.
A) the principal amount
B) the number of periods
C) the maturity value
D) the interest rate

Question

Quizplus · Accepted Answer

The maturity value is actually the future value that we are trying to calculate, so it does not need to be known beforehand. The other factors - principal amount, number of periods, and interest rate - are necessary inputs in order to calculate the future value.

All of the Following Are Factors Needed When Calculating the Future