The correct formula to calculate the future value (FV) of a present value (PV) when simple interest is used is? Note: N would be number of periods and i would be the interest rate. O A. FV = PV X (1+i)^N, where^ represents power O B. FV = PV X (1+i)^-N, where ^ represents power O C. FV = PV / ((1+i) X N) O D. FV = PV X (1+ (N X i))
The correct formula to calculate the future value (FV) of a present value (PV) when simple interest is used is? Note: N would be number of periods and i would be the interest rate. O A. FV = PV X (1+i)^N, where^ represents power O B. FV = PV X (1+i)^-N, where ^ represents power O C. FV = PV / ((1+i) X N) O D. FV = PV X (1+ (N X i))
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:The correct formula to calculate the future value (FV) of a present value (PV) when
simple interest is used is? Note: N would be number of periods and i would be
the interest rate.
A. FV = PV X (1+i)^N, where^ represents power
B. FV = PV X (1+i)^-N, where^ represents power
O C. FV = PV/((1+i) X N)
D. FV = PV x (1 + (N x i))
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The correct formula to calculate the future value (FV) of a present value (PV) when
simple interest is used is? Note: N would be number of periods and i would be
the interest rate.
A. FV = PV X (1+i)^N, where^ represents power
OB. FV = PV X (1+i)^-N, where^ represents power
C. FV = PV /((1+i) x N)
D. FV = PV x (1 + (N X i))
Reset Selection
Mark for Review What's This?
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