Question
Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be
Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be used to solve for the future value of a lump sum?
a. PV x (1 + r)^n
b. PMT/r
c. PMT x ({1 - [1/(1 + r)^n]}/r) x (1 + r)
d. FV/(1 + r)^n
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
