Looking at a future value of $1 table,you find the number 4.661 for 20 years and 8%.This means that a dollar invested today will grow to $4.661 at the end of 20 years.

Question

Quizplus · Accepted Answer

The future value of $1 table shows the value of $1 invested today at a certain interest rate for a certain number of years. A value of 4.661 at 20 years and 8% means that if you invest $1 today and earn an annual interest rate of 8%, your investment will grow to $4.661 after 20 years. So, the statement is true.

Looking at a Future Value of $1 Table,you Find the Number