The "future value" of a sum of money refers to
A)the estimated value of that money invested in a stock portfolio at some future date.
B)the purchasing power of a given amount of money adjusted for price changes.
C)today's value of a sum of money to be received in the future.
D)the amount to which some current sum of money will grow over time.

Question

Quizplus · Accepted Answer

The "future value" of a sum of money refers to the amount to which a current sum of money will grow over a period of time, given a certain interest rate or rate of return. This concept is fundamental in finance, particularly in the contexts of savings, investments, and interest calculations.

The "Future Value" of a Sum of Money Refers to