Question
What best describes the concept of future value?
the amount of money required in the future
the original amount of an investment
the worth of an investment over time
the total cost of an item you plan to purchase in the future
the amount of money required in the future
the original amount of an investment
the worth of an investment over time
the total cost of an item you plan to purchase in the future
Answers
GPT-4o mini
The best description of the concept of future value is "the worth of an investment over time." Future value refers to the amount of money that an investment will grow to over a specific period of time at a given interest rate.