What Is the Formula for the Future Value of a Single

question 42

Multiple Choice

What is the formula for the future value of a single amount at compound interest?

• A) \( \frac{1}{(1+i)^{n}} \)
• B) \( P V \times(1+i)^{n} \)
• C)\( \frac{(1+i)^{n-1}}{i} \)
• D)\( \frac{\mathrm{CI}-\left[1 /(1+i)^{n}\right]}{i} \)

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Definitions:

Intention

A psychological state involving a commitment or determination to carry out a specific action or achieve a specific outcome.

Intended Beneficiary

A third party in whose favor a contract is made.

Privity of Contract

A doctrine in contract law that prohibits any person who is not a party to a contract from enforcing or being bound by the terms of that contract.

Legally Enforce

The capability to impose compliance or execution of a law, agreement, or obligation through legal processes or judicial intervention.