future value calculations

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An interest rate is 5%, number of period are 3, and present value is $100,and then future value will be

An interest rate is 5%, number of period are 3, and present value is $100,and then future value will be
  • A. 115.76
  • B. 105
  • C. 110.25
  • D. 113.56
  • Correct Answer: Option A

Process of calculating future value of money from present value is classified as

Process of calculating future value of money from present value is classified as
  • A. compounding
  • B. discounting
  • C. money value
  • D. stock value
  • Correct Answer: Option A