Ifwe look at the formula to calculate the dollar amount of a $1 weput intosaving

Ifwe look at the formula to calculate the dollar amount of a $1 weput intosavings today we see that it is fv =pv*((1+i)^n). The variables arefv = future value pv = present value i=interest rate per period and n =number of periods. In the formula nis an exponent. What does the exponent in this case tell us we needto domathematically to the (1 + i) segmentof the formula? Select a different interest rate (i) thanyour classmates who have already answered this question aswell as a different number of periods (n).How much money would you have at the end if you invested $1 today(pv)?