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what is the future value of your money? a. the amount of money you will…

Question

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

Explanation:

Brief Explanations

The future value of money refers to the amount of money an investment or current sum will grow to at a specific future date, considering factors like interest. Option A defines it as the amount of money at a future date, which matches the concept. Option B is about the number of investments, not the value of money. Option C is about items bought, not the monetary value.

Answer:

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