Question: FVn = PV ( 1 + I ) ^ n = $ 1 ( 1 + 0 . 0 5 ) ^ 3 = $

FVn = PV(1+I)^n = $1(1+0.05)^3= $1.16
What is the future value of $1 in period 4 when the intrest rate is 5$

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