Future Value of a Single Amount

What Is the Future Value of a Single Amount? The value of a current single amount taken to a future date at a specified interest rate is called the future value of a single amount. In this case, “future value” means the amount to which the investment will grow at a future date if interest is compounded. The single amount refers to a lump sum invested at the beginning of a period (e.g., year 1) and…

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