Asked by
Pressed Imaging
on Nov 26, 2024
Verified
The amount to which some current amount of money will grow as interest compounds over time is known as
A) the future value of that sum of money.
B) the present value of that sum of money.
C) compound interest.
D) the time-value of money.
Future Value
The value of a current asset at a future date based on an assumed rate of growth over time.
Compound Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
- Assess the future value of investments by applying various interest rates and lengths of time.
Verified Answer
AM
Learning Objectives
- Assess the future value of investments by applying various interest rates and lengths of time.