Asked by
Kathleen Cervantes
on Oct 16, 2024
Verified
The number of periods in a future value calculation may only be expressed in years.
Future Value
The value of an investment at a specific date in the future, considering the interest rate or rate of return it earns over time.
Number of Periods
In finance, it refers to the total duration, measured in time units (such as years or months), over which payments or calculations are spread.
- Acquire insight into the foundational principles of time value of money, covering topics such as present value (PV), future value (FV), present value of an annuity (PVA), and future value of an annuity (FVA).
Verified Answer
ME
Learning Objectives
- Acquire insight into the foundational principles of time value of money, covering topics such as present value (PV), future value (FV), present value of an annuity (PVA), and future value of an annuity (FVA).
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