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

User Lam
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2 Answers

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Answer:

future value

Step-by-step explanation:

User Vivienne Fosh
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Answer:
future value

Step-by-step 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

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User Siliarus
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