MoneyKraft

1. In order to estimate the future value of a goal, start with the current value of the goal and compound it for the number of years to goal using

An appropriate rate of interest

Current inflation

Estimated future inflation

2. The MS Excel function that allows us to compute the future value of a goal is

NPV function

FV function

PV function

3. Which of these is associated with a higher future value of a financial goal?

Higher estimated inflation

Lower current value of goal

Lesser number of years to goal

Future value of goals

future value of goals

Many of us want to save for our future goals. Learn how to estimate the amount needed for funding a future goal.

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Very useful