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About
A Future value (FV) is the value of an asset after a certain period. In finance, the future value is the worth of the specific amount of money is invested in a particular period with a certain rate of return.
FV is more important for investors and financial organizers to determine that how much investment makes today to earn expected return in the future. It simply means that once you know the current value of an asset, now it's important to know how much value of that asset will be on a given day in the future.
The compound interest formula for calculating the future value of an investment is as follows:
FB = ID * (1 + R/CF) (T*CF)
Where
- FB - Future value or final value
- ID - Present value or principle amount
- R - Expected annual interest rate,
- T - Tenure or term,
- CF - Compound frequency means that the interest is how many times compounded per year.
What can you do with Future Value Calculator?
- It helps to calculate future value and helps to project your future interest earnings.
- Users can see the accurate future value and interest. And also can see the future value in words.
- The chart represents the growth of the future value and principle value by the scale of two years.
- Users can easily see their calculations in detail by the table. Based on the selected compound frequency table describes the opening balance, your earned interest, closing balance and period.
- This calculator helps to share your calculations by URL.