Which of the following statements concerning future values is true?
a. To determine the future value of any invested amount, divide the invested amount by the Future Value of $1 table value at the intersection of the column for the desire rate and the row for the corresponding number of periods from a future value table.
b. The "n" in the future value formula refers to the number of years.
c. If you're computing the future value two years from today of $1,000 invested at 12% with quarterly compounding, the number of periods is eight and the compounding rate is 3%.
d. All of the choices are true regarding future value.
If you're computing the future value two years from today of $1,000 invested at 12% with quarterly compounding, the number of periods is eight and the compounding rate is 3%.