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Present and Future Value

Future value is the value of an asset at a specific date, assuming a certain interest rate or, more generally, rate of return.

The future value equals the present value times the sum of 1 and the interest rate divided by the compounding frequency taken to the power of the compounding frequency times the interest periods.

Formula

QuantityVariable["FV", "Money"] == (1 + QuantityVariable["i", "Unitless"]/QuantityVariable["f", "Unitless"])^(QuantityVariable["f", "Unitless"]*QuantityVariable["n", "Unitless"])*QuantityVariable["PV", "Money"]

symbol description physical quantity
FV future value "Money"
f compounding frequency "Unitless"
i interest rate "Unitless"
n interest periods "Unitless"
PV present value "Money"

Forms

Examples

Get the resource:

In[1]:=
ResourceObject["Present and Future Value"]
Out[1]=

Get the formula:

In[2]:=
FormulaData[ResourceObject["Present and Future Value"]]
Out[2]=

Use some values:

In[3]:=
FormulaData[ ResourceObject[ "Present and Future Value"], {QuantityVariable["f","Unitless"] -> None, QuantityVariable["n","Unitless"] -> 5, QuantityVariable["i","Unitless"] -> Quantity[6.`, "Percent"], QuantityVariable["PV","Money"] -> Quantity[747.26, "USDollars"]}]
Out[3]=

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