The correct formula that relates present value (PV) to future value (FV) , if interest rate is i% per year over n years is:
A) PV = FV (1 + i) n
B) FV = PV (i) n
C) PV = FV/(1 + i) n
D) FV = PV (1 + i) (n)
Correct Answer:
Verified
Q3: A bank account pays 4% interest per
Q4: Other factors constant, the present value will
Q5: Which one of the following is an
Q6: Which of the following would best be
Q7: The present value model of investment states
Q9: Compound interest describes increases in value when
Q10: Which one of the following is an
Q11: Other factors constant, the future value will
Q12: Time value of money refers to the
Q13: You deposit $5,000 in a 5-year bank
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents