You Are Given S = Accumulated Value of N Payments

question 62

Multiple Choice

You are given S = accumulated value of n payments of $1 at the time of the n^th payment.Which of the following will give the correct result for the accumulated value of n+ 1 payments of $1,one period after the (n+ 1) ^th payment?

• A)[S (1 + i )+ 1](1 + i
• B)[S + 1](1 + i )
• C)S (1 + i )² + 1
• D)S (1 + i)+ 1

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Definitions:

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