What Is the Formula You Should Use to Determine a Bank

question 81

Multiple Choice

What is the formula you should use to determine a bank account's future value in one year?

• A)Future value equals the present value plus the rate of interest.
• B)Future value equals the present value minus the rate of interest.
• C)Future value equals the present value multiplied by one plus the rate of interest in decimals.
• D)Future value equals the present value divided by one plus the rate of interest in decimals.

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