What is future value?

Understand what future value is in finance, how it calculates the value of an investment over time, and its role in financial planning.

What is future value?
Lachlan May-04-2023 10:30:41
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Future value, or FV, refers to the current value of a future sum of money, based on a given rate of return. It is used to measure the potential returns from an investment or savings account at a given point in time. The formula for future value is as follows: FV = present value x (1 + rate of return)^time period.
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Dexter
18 Ques 1 Ans
answered 22 Aug 2023

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