Question: Line A corresponds to while Une B is consistent with Une corresponds to Investments and loans base their interest calculations on one of two possible

 Line A corresponds to while Une B is consistent with Une

Line A corresponds to while Une B is consistent with Une corresponds to Investments and loans base their interest calculations on one of two possible methods: the Interest and the Interest methods. Both methods apply three variables-the amount of principal, the interest rate, and the investment or best period--to the amount deposited or invested in order to compute the amount of interest. However, the two methods differ in their relationship between the variables Assume that the variables rin, and PV represent the Interest rate, Investment or deposit period, and present value of the amount deposited or Invested, respectively Which equation best represents the calculation of a future value (FV) using simple interest? O FV = PV XIX O FV = PV + (PV XrXn) OFV = PV x (PV xrXn) O FV = PV Which equation best represents the calculation of a future value (FV) using compound Interest? OFV - PV O FV = PV + (PV XTXn) OFV = PV X (1+r)" OFV =

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Finance Questions!