Future Value (FV)

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Given an initial sum, an interest rate, a periodic payment and a duration, what will the balance be after the last payment?

$$FV=PV\times (1+r{)}^{nt}$$

• FV = future value
• PV = present value
• $r$ = interest rate per period
• $n$ = number of periods
• $t$ = time in years

In Excel it can be used like this: FV(rate, nper, pmt, pv, type)

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personal-finance

What is FV?::Future Value

What is Future Value used for?::Balance after the last payment given a duration, a periodic payment and the interest rate