You can use the ____ function to estimate how much a dollar amount today is worth in future dollars.
A) PV
B) IRR
C) FV
D) DCT

Question

Quizplus · Accepted Answer

The FV (future value) function is used to estimate how much a dollar amount today is worth in future dollars. This function is commonly used to calculate investment growth. The PV (present value) function is used to calculate how much a future dollar amount is worth in present dollars. The IRR (internal rate of return) function is used to calculate the rate of return for an investment. The DCT (discount) function is not a standard financial function.

You Can Use the ____ Function to Estimate How Much