What is the formula for calculating future value？
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What is the formula for calculating future value？
The formula for calculating future value (FV) is:
FV = PV x (1 + r)^n
Where:
PV = Present value
r = Interest rate
n = Number of periods
This formula assumes that the interest rate is compounded annually. If the interest rate is compounded more frequently, the formula would be adjusted accordingly.
FV = PV x (1 + r)^n
Where:
PV = Present value
r = Interest rate
n = Number of periods
This formula assumes that the interest rate is compounded annually. If the interest rate is compounded more frequently, the formula would be adjusted accordingly.
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