Asked by Jamison Eddleman on May 04, 2024
Verified
The future value will increase the longer the period of time.
Future Value
Future value is the value of an asset or amount of money at a specific future date, accounting for specified interest rates or returns over time.
Time Period
A specific duration marked by a start and end date or time, often used in financial and performance analysis.
- Understand the relationship between present value, future value, and time period.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
True
Explanation :
The future value of an investment typically increases with the length of the investment period due to the compounding effect of interest or returns over time.
Learning Objectives
- Understand the relationship between present value, future value, and time period.