The future value of 1 factor will always be
A) equal to 1.
B) greater than 1.
C) less than 1.
D) equal to the interest rate.

Name: The future value of 1 factor will always be A) equal to 1. B) greater than 1. C) less than 1. D) equal to the interest rate.
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Question

Quizplus · Accepted Answer

The future value of 1 factor represents the value of one dollar at some point in the future. Therefore, it will always be greater than 1, as inflation and the time value of money will increase its value over time.

The Future Value of 1 Factor Will Always Be