Future Value: The future value is that value of an investment which will be realizable in future. When the amount is invested today at a specific rate, its future value will be more than the present value of money invested.
Interest Rate: Interest Rate is that numerical rate which links with every Investment Avenue and Loan which is used for the calculation of the interest amount.
To Identify: The amount in savings account if the account offers a fixed interest rate.
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Fundamentals of Corporate Finance (3rd Edition) (Pearson Series in Finance)
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