noellebrooke
Answered

How can knowing the future value of money help plan for a large purchase like a car?

A. It replaces the need for a loan.
B. It can predict the exact future cost of the car.
C. It guarantees a fixed interest rate for savings.
D. It can help determine the amount to save monthly.



Answer :

GinnyAnswer

Final answer:

Understanding future money value aids in saving and budgeting for a car purchase without the need for loans.


Explanation:

Knowing the future value of money can help plan for a large purchase like a car by assisting in determining the amount to save monthly. It allows individuals to make informed decisions on budgeting and saving for the purchase.

By understanding the future value of money, individuals can calculate the required savings to afford the car without the need for a loan and can avoid overspending.


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