Future Value (Single Amount)

Future Value (Single Amount)

FI-01
ASPCSPFoundational

Formula
F = P(1 + i)ⁿ
When to Use

Calculate what a present sum of money will be worth in the future, accounting for interest.

Symbol Legend
SymbolMeaningUnitNote
FFuture value of money$
PPresent valueprincipal
iInterest rate per perioddecimale.g. 5% = 0.05
nNumber of periodsyears

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