Future Value Calculator
Parameter | Description | Example Value |
---|---|---|
Present Value (PV) | The current value of the amount of money. | $1,000 |
Annual Interest Rate | The annual interest rate applied to the money. | 5% |
Number of Years | The number of years the money is invested or borrowed for. | 10 years |
Future Value (FV) | The value of the amount of money in the future (PV * (1 + Annual Interest Rate)^Number of Years). | $1,628.89 |