answersLogoWhite

0


Best Answer

It is called the 'future value' .

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which term is defined as the value of a current sum of money at a specified date in the future?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the future value of your money?

the amount of money you will have at a specified date in the future


What are commitments to make loans?

agreement to give money at a future specified period of time


What is the current value of a future sum of money called?

present value


What is reverse causation?

Reverse causation means that expected future increases in output cause increases in the current money supply and that the expected future decreases in output cause decreases in the current money supply, rather than the other way around. More simply said, money growth is higher because people expect higher output in the future.


Which of the expectations for the future tend to discourage current consumption?

If a person thinks there will be higher uncertainty in the future, they are likely to lower current consumption. This is because they are likely to want to save money in case something happens.


What is Defined benefits plan?

A retirement plan, normally a pension, that provides "defined benefits" at a future date, like an annuity. Unlike a defined contribution plan (such as a 401(k)) in which a participant has their own account, in a defined benefit plan, the participant's money is normally pooled together with the other participant's money so that an individual participant's account is not segregated. It is your classic pension.


What is a defined benefits plan?

A retirement plan, normally a pension, that provides "defined benefits" at a future date, like an annuity. Unlike a defined contribution plan (such as a 401(k)) in which a participant has their own account, in a defined benefit plan, the participant's money is normally pooled together with the other participant's money so that an individual participant's account is not segregated. It is your classic pension.


What is benefits plan?

A retirement plan, normally a pension, that provides "defined benefits" at a future date, like an annuity. Unlike a defined contribution plan (such as a 401(k)) in which a participant has their own account, in a defined benefit plan, the participant's money is normally pooled together with the other participant's money so that an individual participant's account is not segregated. It is your classic pension.


To say money is socially defined means that?

To say that money is socially defined means that: whatever performs the functions of money extremely well is considered to be money.


Why is it beneficial to save money for the future?

It is beneficial to save money for the future in order to avoid being forced to borrow money to pay for an unforeseen incident. By saving money in the future, you can save money by not having to pay interest on money borrowed.


Why does the real interest rate affect planned aggregate expenditure?

Because the interest rate affects opportunity cost of holding money/spending it. Higher interest increases the future value of current money, and this change the optimal allocation decision of it in the present. For example, the less valuable money is in the future, the more of it you would expect people to spend now.


What are the current money used in Spain?

The current money used in Spain is Euro. :) :) :) :) :) :) :) :) :) :) :) :D ;