Future Value Calculator

Calculate the future value of your investment based on present value, interest rate, and time period.

Calculator

Enter Your Investment Details

Enter the current value of your investment.

Enter the annual interest rate as a percentage.

Enter the number of years for the investment period.

Table of Contents

1 Future Value Formula
2 How to Calculate Future Value
3 Future Value - Practical Examples
Concept

Future Value Formula

Future value is the value of an asset at a specific date in the future based on an assumed rate of growth. The future value formula helps you determine how much your investment will be worth at a future date.

Formula:
FV = PV(1 + r)^t

Where:

  • FV = Future Value
  • PV = Present Value
  • r = Interest Rate (as a decimal)
  • t = Time Period (in years)
Steps

How to Calculate Future Value

To calculate future value, follow these steps:

  1. 1
    Determine your present value (PV)
  2. 2
    Convert the interest rate (r) to decimal form
  3. 3
    Specify the time period in years (t)
  4. 4
    Plug the values into the future value formula
Examples

Future Value - Practical Examples

Example 1 Basic Investment

You invest $10,000 at an annual interest rate of 5% for 10 years.

FV = $10,000(1 + 0.05)^10 = $16,288.95

Example 2 Higher Interest Rate

Same investment with a higher interest rate of 8%.

FV = $10,000(1 + 0.08)^10 = $21,589.25

Example 3 Long-term Investment

Investing $5,000 at 7% interest for 30 years.

FV = $5,000(1 + 0.07)^30 = $38,061.28

Tools

Financial Calculators

Rent Cd Vat Loan Present Value

Need other tools?

Can't find the calculator you need? Contact us to suggest other financial calculators.