Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be used to solve for the future value of an ordinary annuity?
PMT x {[ (1+r) n - 1] / r} x (1 + r)
PMT x {[ (1+r) n - 1] / r}
PMT x {1 - [1 / (1+r) n]} / r FV / (1+r) n
PMT/r
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