The future value (FV) of an investment can be determined using the future value calculator by entering the initial amount, compounding periods (N), interest/yield rate (I/Y), periodic deposit/annuity payment per period (PMT), and starting amount.
Future Value Calculator
The predicted future value of money is known as future value, or FV. Savings account money or a hold on a bond purchase usually accrue compound interest, which changes its value over time. A savings account is a good illustration of this type of computation since its future value indicates how much will be in the account at a specific future date. You can learn this topic by using the calculator. Enter $10 (PV) for a year (N) at 6% (I/Y). For the sake of simplicity, we can disregard PMT. When you hit calculate, the FV comes out to be $10.60. This indicates that $10 saved now will be worth $10.60 in a year.
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