Future Value Can Be Computed as Future Value = Present

question 117

True/False

Future value can be computed as Future Value = Present Value/(1 + r)ⁿ.

---

Definitions:

Probate Judge

An official who deals with matters related to the proving of wills and the administration of estates of deceased persons.

Probate Will

The legal process by which a deceased person's will is validated by a court, and the estate is distributed according to the will's terms.

Sole Beneficiary

An individual or entity designated to receive the sole benefits from a will, trust, or insurance policy.

Undue Influence

The use of excessive pressure by the dominant member of a confidential relationship to convince the weaker party to enter a contract that greatly benefits the dominant party.