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Q: financial accounting ( Answered 4 out of 5 stars,   0 Comments )
Question  
Subject: financial accounting
Category: Business and Money > Accounting
Asked by: k9queen-ga
List Price: $2.00
Posted: 22 Jan 2003 13:14 PST
Expires: 21 Feb 2003 13:14 PST
Question ID: 147123
the formula for compound value is:
A) FVn = P (1+i)n
B) FVn = (1+i) / P
C) FVn = P/(1+1)n
D) FVn = P (1+i) -n
Answer  
Subject: Re: financial accounting
Answered By: skermit-ga on 22 Jan 2003 13:22 PST
Rated:4 out of 5 stars
 
The correct answer is A:

"
If you follow this pattern out for n years, you get the general
formula for future value:

1.
FV = P(1 + r)n
"

Search Strategy:
formula compound interest on google:
://www.google.com/search?q=formula+compound+interest

Additional Links:

Compound Interest Forula and Calculator / Graph:
http://www.moneychimp.com/articles/finworks/fmfutval.htm


Thanks for your question.

skermit-ga
k9queen-ga rated this answer:4 out of 5 stars and gave an additional tip of: $3.00
Thank you, very clear!

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