Add to Chrome
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
The formula for calculating the future value of an original investment is:
FVn = PV (1 + i)n
Where n is:
The original investment
The interest rate per period
The number of discrete periods over which the investment extends
The future value of the investment
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!