Answered: You invest 1,000 today in a bank, which…

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You invest 1,000 today in a bank, which of the following one refers to the value of your investment 5 years from now.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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Question

You invest 1,000 today in a bank, which of
the following one refers to the value of your
investment 5 years from now.
a.
Present Value
b. None of them
c. Principal Amount
d. Future Value

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