The future value of $1 is always more than $1, whereas the present value of $1 is always less than $1.

Question

Quizplus · Accepted Answer

This is because of the time value of money, where money today is worth more than the same amount in the future due to factors such as inflation and opportunity cost. Conversely, money in the future is worth more than the same amount today when considering factors such as interest and potential investment returns.

The Future Value of $1 Is Always More Than $1