One of the most elementary time value of money formulas appears below. FV = PV(1 + r)^t
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Question:
One of the most elementary time value of money formulas appears below.
FV = PV(1 + r)^t
Explain this equation so that a non-accountant can understand what is happening. Include in your explanation, an example covering more than one period.
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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