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Author Question: The question How much will I have in my account at a specific point in the future, given a specific ... (Read 44 times)

jlmhmf

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on: Jul 10, 2018
The question How much will I have in my account at a specific point in the future, given a specific interest rate? is best answered by which form of the TVM equation?
 
  A) FV =
  B) FV = PV  (1 + r)n
  C) FV = (FV/PV)1/n -1
  D)
  FV =

Question 2

In the equation r = (FV/PV)1/n - 1, the r is sometimes referred to as the ________.
 
  A) interest rate
  B) discount rate
  C) growth rate
  D) All of the above


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mariahkathleeen

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


jlmhmf

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

ultraflyy23

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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