The interest factor for a future value (FV_IF) is equal to (1 + i)ⁿ_.

Name: The interest factor for a future value (FV IF ) is equal to (1 + i) n .
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Question

Quizplus · Accepted Answer

This is the correct formula for calculating the interest factor for a future value. It takes into account the interest rate (i), the number of periods (n), and the type of payment (either at the beginning or end of each period, denoted by _and respectively).

The Interest Factor for a Future Value (FVIF) Is Equal

The Interest Factor for a Future Value (FV_IF) Is Equal