## Future Value Calculator

#### What is Future Value Calculator?

The future value calculator can be used to determine future value of a current amount. The future value can be calculated using parameters like amount, interest rate, time period.

#### How our future value calculator works?

Input Description
Present Value/Amount Invested It is the current amount for which you want to know future value
Expected Interest Rate This is the percentage return per year at which you want to invest your amount for decided time duration
Time Duration The duration in years for which you want to invest
Output Description
Present Value/Amount Invested It is the current amount for which you want to know future value
Interest Earned This is the interest you will have by the end of investment years
Total Amount This is the total amount you will receive which is sum of your total amount invested and the interest you will earn

#### What is the Formula to calculate Interest on Future Value?

Here is the formula of Future Value:

#### FV = PV * (1 + r) ^ n

Where,

• FV – future value
• PV – present value (the initial amount)
• r – interest rate (per annum)
• n – total number of periods (years) the money is invested for.

For example, your present value is Rs. 1,00,000 and you want to invest it for 3 years at a 10% interest rate. So total future value after 3 years including present value will be: FV = 100000 (1 + 10/100) ^ 3 = Rs. 1,33,100

Any issues / suggestions ?