The formula to calculate the value of $1 put into savings today is fv = pv*((1+i)^n).,The variables are fv = future value, pv = present value, i = interest rate per period,,and n = the number of periods. In the formula, n is an exponent. What does the,exponent in this case state that you need to do mathematically to the (1 + i) segment,of the formula? Select an interest rate and number of periods—be sure your numbers,are different from other students who already answered this question—to calculate,the future value of $1. How much money would you have at the end of the period you,determined if you invested $1 today (pv)?,• Often in personal finance we want to know what our
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