Question: What is the basic equation for calculating the future value of a lump sum?

What is the basic equation for calculating the future value of a lump sum?

Step by Step Solution

3.42 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The basic equation for calculating the future value FV of a lump sum is FV PV 1 rn wher... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Management Questions!