The Future Value calculator computes the future value of a fixed rate investment based on the annual interest rate and number of months compounded interest.
INSTRUCTIONS: Choose units and enter the following:
- (PV) Present Value (initial value prior to compounding interest)
- (i) Annual Interest Rate
- (n) Months of Compounding Interest
Future Value (FV): The calculator returns the future value in U.S. dollars and the percent of the Present Value achieved.
The Math / Science
The Future Value formula used here is:
` FV = PV * ( 1+i)^n`.
where:
- FV = Future Value of annuity
- PV = Present Value
- i = interest rate
- n = number of periods
This calculator converts the annual interest rate into a monthly interest rate prior to executing the future value equation.
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- Present Value- computes the present value of a fixed annuity.
- Future Value- computes the future value of a fixed annuity.
- Interest Rate for Future Value - computes the annual fixed interest rate required for a present value to accrue to the future value over a number of periods.
- Number of Periods Required - computes the number of periods required to achieve a future value from a present value at a fixed annual interest rate.
- Precious Metal Value - computes the current market value of gold, platinum, silver and palladium based on bullion weight and purity.
- Currency Conversion - computes the current value of a currency amount (e.g., $2,000 US dollars) in Euros, Great Britain Pounds, Canadian Dollars, Yuan, Yen, Rubbles, Swiss Francs, Australian Dollars, South African Rands, Brazial Reals, Mexican Pesos, Indian Rupees and U.S. dollars.