If you put $1,000 in a saving account and make no further deposits,what type of calculation would provide you with the value of the account in 20 years?
A)future value of a single amount
B)simple interest
C)present value of a single amount
D)present value of a series of deposits
E)future value of a series of deposits

Question

Quizplus · Accepted Answer

The future value of a single amount calculation would provide the value of the account in 20 years, assuming no additional deposits and a fixed interest rate.

If You Put $1,000 in a Saving Account and Make