Future Value of Investment Calculator
Future Worth
FV stands for future value, which is the expected future worth of money. Over time, the value of money in a savings account or a hold on a bond purchase might change due to compound interest.
An outstanding example of this kind of calculation is a savings account, whose future value shows how much will be in the account on a given future date. Using the calculator, one can learn this concept. For a year (N), insert $10 (PV) at 6% (I/Y). We can ignore PMT to keep things simple. Upon hitting compute, the FV will be $10.60. This means that ten dollars saved today will be worth ten and sixty dollars later.
Money’s Time Value
The foundation of finance is the time value of money, of which FV is a crucial component, along with PV, I/Y, N, and PMT.. Mortgages, vehicle loans, and credit cards cannot be obtained without FV.
To find out more about present value or to do calculations on it, please visit our section. We invite you to use our Finance Calculator for a brief, educational introduction to finance and the time value of money.