Which of the following is the correct formula for calculating the future value?
A)FV =
B)FV = PV × (1 + r)n
C)PV = FV × (1 + r)n
D)PV = - 1

Question

Which of the following is the correct formula for calculating the future value?
A)FV = 
B)FV = PV × (1 + r)n 
C)PV = FV × (1 + r)n 
D)PV = - 1

Quizplus · Accepted Answer

The formula for calculating future value is FV = PV × (1 + r)^n, where FV is the future value, PV is the present value, r is the interest rate, and n is the number of periods. Option A is not a valid formula. Option C is the formula for calculating present value. Option D is not a valid formula.

Which of the Following Is the Correct Formula for Calculating