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5 May, 10:28

What is the future value of your money?

A. The amount of money you will have at a specified date in the future

B. The number of investments you will make at a specified date in the future

C. The items you will buy with your money at a specified date in the future

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  1. 5 May, 12:39
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    A. the amount of money you will have at a specified date in the future
  2. 5 May, 14:01
    0
    Answer: A. The amount of money you will have at a specified date in the future.

    Explanation:

    The future value of an asset is its value at a certain date.

    The future value of your money usually measures the nominal future sum, that the amount of money, in the beginning, will be valued in the future at a certain time at a particular rate of interest.

    It is the sum of the current cash flow and the interest earned.

    The procedure of converting current cash flow into future values is known as compounding.

    Thus, the correct option is A. The amount of money you will have at a specified date in the future.
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