a. What do we mean by the future value of an investment? b. What does it mean
Question:
a. What do we mean by the future value of an investment?
b. What does it mean to compound interest? How does compound interest differ from simple interest?
c. In general, what is the future value of $1 invested at r per period for t periods?
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a The future value of an investment refers to the value that an investment will grow to over a speci...View the full answer
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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