bewellplus.gsu.edu
boyle10 boyle10
  • 21-10-2015
  • Mathematics
Answered

Which term is defined as the value of a current sum of money at a specified date in the future?

Verified Answer :

Louli
Louli Louli
  • 08-07-2018

Answer:
future value

Explanation:
Based on the timing reference, money can have either one of the following values:
1- present value: This refers to the current value of future amount of money 
2- future value: This refers to the value of a current sum of money at a specified date in the future under the assumption of a certain growth rate

Hope this helps :)

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mattlawvideo12
mattlawvideo12 mattlawvideo12
  • 18-01-2022

Answer:

future value

Step-by-step explanation:

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