The Formula to Calculate the Compounded Value of a Series

question 15

Multiple Choice

The formula to calculate the compounded value of a series of equal payment invested over time is

• A) PV = FV/(1+i)n
• B) FV = PV * (1+i)n
• C) PV = FV * (1-(1/(1+i)n)/i
• D) FV = PV * ((1+i)n -1)/i

Understand the effects of normative social influence on behavior and decision-making.

Recognize the factors that contribute to conformity and how individual and group norms influence personal actions.

Grasp the significance of conformity in various social situations and the psychological mechanisms behind it.

Understand the distinctions and connections between conformity, obedience, and normative social influence.

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