What does this statement mean? The future value of $1,000 is an amount greater than $1,000.
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Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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The concept of future value assumes that money has a time val...View the full answer
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Related Book For 
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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