Future value means the amount to which a payment or series of payments will grow by a given future date when compounded by a given interest rate.

Name: Future value means the amount to which a payment or series of payments will grow by a given future date when compounded by a given interest rate.
Brand: Quizplus
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Quizplus · Accepted Answer

Future value refers to the value of a current asset at a specified date in the future based on an assumed rate of growth over time, typically through interest or returns.

Future Value Means the Amount to Which a Payment or Series