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Financial Planner

Category - General Principles of Financial Planning

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What determines how much money deposited today be worth at a specified time in the future?

Present Value
Future Value
Net Present Value
Past Net Value

Explanation

Answer: B - Future value determines how much money deposited today be worth at a specified time in the future. The future value is dictated by the type of interest and the amount of the current principle. Interest may be simple interest that is the interest on the principle deposited amount or compound interest that is interest on both the original deposited amount and subsequent interest earned.

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