Ask Question
2 March, 00:16

does the value of money in a savings account increase over time? A. because future value is always equal to present value B. because future value is always less than present value C. because it is not spent D. because it earns interest

+1
Answers (1)
  1. 2 March, 00:36
    0
    Given statement is "does the value of money in a savings account increase over time?"

    Then we have been given four different choices.

    Now we need to select correct choice from them.

    In saving account usually user deposits some money and bank gives some interest on that money. So In any case future value which is sum of deposited money and the earned interest will be more than the present value.

    So the correct matching choice is "D. because it earns interest."
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “does the value of money in a savings account increase over time? A. because future value is always equal to present value B. because future ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers