select the correct answer.\nwhat is the future value of your money?\n○ a. the amount of money you will have…

select the correct answer.\nwhat is the future value of your money?\n○ a. the amount of money you will have at a specified date in the future\n○ b. the number of investments you will make at a specified date in the future\n○ c. the items you will buy with your money at a specified date in the future

select the correct answer.\nwhat is the future value of your money?\n○ a. the amount of money you will have at a specified date in the future\n○ b. the number of investments you will make at a specified date in the future\n○ c. the items you will buy with your money at a specified date in the future

Answer

Brief Explanations:

The future value of money refers to the amount of money that a current sum of money will grow to at a specified date in the future, considering factors like interest or investment returns. Option B focuses on the number of investments, which is not the definition of future - value. Option C is about items bought, which is related to purchasing power but not the future - value concept.

Answer:

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