Future value is best defined as:
A) An amount of money received each period for a stated number of periods.
B) The amount an investment is worth in today's dollars.
C) The dollar amount invested today at a stated rate of interest for some period of time.
D) The amount an investment is worth at the end of some stated period of time.
E) The cash value of an investment in today's dollars based on a stated rate of interest.
Correct Answer:
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