The future value of a single amount is the original cash flow plus simple interest as of a specific future date.

Name: The future value of a single amount is the original cash flow plus simple interest as of a specific future date.
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Question

Quizplus · Accepted Answer

The future value of a single amount includes not only the original cash flow and simple interest but also the effect of compounding interest over time, if applicable. Simple interest is only one component and does not account for the compounding effect.

The Future Value of a Single Amount Is the Original