Future value refers to an amount received or paid now at a given rate of interest that is equivalent to another amount received or paid sometime in the future.

Name: Future value refers to an amount received or paid now at a given rate of interest that is equivalent to another amount received or paid sometime in the future.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Future value refers to the amount of money that an investment will grow to over a period of time at a specified interest rate, not the present value equivalent of a future amount.

Future Value Refers to an Amount Received or Paid Now